Ripple $2.4 The stablecoin named RLUSD, launched by Labs, is growing rapidly, leaving its competitors behind in 24-hour transaction volume. Although still new, RLUSD has shown remarkable growth, surpassing Paypal’s PYUSD and Circle’s EURC tokens. This success occurred despite the market cap of RLUSD being smaller than these two tokens.
Ripple (XRP) and RLUSD
According to CoinMarketCap data, the market value of Ripple’s stablecoin reached $53.1 million. Additionally, the stablecoin’s 24-hour trading volume increased by 1,566% to $607.58 million. This unexpected increase is in sharp contrast to PYUSD’s market cap of $491.72 million and 24-hour volume of $19.74 million. MiCA-compliant Circle’s EURC has a market value of $82.38 million and a volume of $10.55 million. Moreover, this contrast occurs despite the fact that USDT faces regulatory obstacles in the EU region.
Ripple Labs stated that it has a bigger plan for RLUSD beyond facilitating direct payments. The company is taking ambitious steps in the Real World Tokenization (RWA) space through its partnership with Archax. Ripple officials emphasized that the new stablecoin will create a complementary bond across the XRP Ledger and XRP’s product line. The stablecoin’s increased liquidity may be one of the reasons for the recent rise in XRP price.
The growth trend of RLUSD stablecoin makes it the 13th largest asset on the XRP Ledger by market capitalization. Additionally, its expansion into global trading platforms also supports its growth.
Ripple increased liquidity and user access by allowing RLUSD to be listed on platforms such as Bullish, Uphold, and Bitso. These listings made RLUSD more accessible to users.
If Ripple’s expansion plans are successful, analysts predict XRP to rise to $3.5. Currently, XRP is trading at $2.35.
User Growth and Market Position
According to XPMarkets data, the total number of users for Ripple’s stablecoin has increased to 7,600; this was 1,000 after the stablecoin launch in December 2024. This increase indicates that RLUSD is gaining wider market acceptance.
Ripple’s steps in the RWA space and RLUSD’s liquidity stand out as part of the company’s long-term strategies. The company has established a strong position in this space by launching the first tokenized money market fund on the XRP Ledger.
These strategic moves by Ripple Labs continue to support the increase in RLUSD’s trading volume and the value of XRP.
RLUSD’s rapid growth strengthens Ripple’s role within the financial ecosystem. The stablecoin’s increased liquidity and global expansion offers more trading options for users. Ripple’s RWA projects can create new opportunities for real-life applications.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
