RLUSD, the Ripple Labs-backed stablecoin, reached a major milestone today, November 3, 2025. Notably, Ripple USD (RLUSD) has been officially announced. exceeded Market capitalization is $1 billion.
RLUSD is being adopted at scale
According to the Ripple stablecoin tracker, there are currently 1,000,000,000 RLUSD tokens in operation across Ethereum and the XRP Ledger.
XRPL’s recent minting of 50 million RLUSD has enabled the stablecoin to cross the $1 billion market cap milestone.
This milestone is a bullish development for the Ripple ecosystem. This suggests that stablecoins are growing due to increased adoption among retail and institutional investors.
RLUSD is the fastest growing regulated stablecoin. Launched on December 17, 2024, the stablecoin has grown to $1 billion in less than 10 months.
$RLUSD has officially surpassed the $1 billion market cap across Ethereum and the XRP ledger.
— Ripple Stablecoin Tracker (@RL_Tracker) November 3, 2025
For context, Tether (USDT), the largest stablecoin by market capitalization, took over a year to reach $900 million in 2015.
RLUSD’s success shows that the market is maturing, where investors are attracted to investing in assets that comply with regulatory standards. Ripple has predicted that the overall stablecoin market could surge to $2 trillion by 2028 as demand for low-volatility fiat-pegged tokens grows.
After the launch of RLUSD, Ripple President Monica Long He commented that he aims to set a new benchmark in the stablecoin world. She emphasized that RLUSD values trust, availability, and compliance.
Examples of using RLUSD
RLUSD claims to be an enterprise-grade USD-denominated stablecoin. It is one of the few stablecoins issued under the New York Trust Company Charter, which ensures strict oversight and regulation.
Ripple stablecoin is used by banks and fintech companies for instant cross-border money transfers. trader swap RLUSD For XRP on the XRPL decentralized exchange (DEX).
Additionally, DeFi users lend and borrow stablecoins on Ethereum. Similarly, retailers buy RLUSD on Uphold, Bullish, Bitso, and MoonPay exchanges.
RLUSD is currently outperforming the likes of PayPal’s PYUSD and First Digital’s FDUSD. Only the giants like USDT and USDC are bigger.
Other recent milestones include integration with Brale. XRP Ledger For stablecoin issuance. This integration will allow businesses to issue stablecoins backed by the US dollar and settle in RLUSD.
Ripple also announced the completion of its acquisition of prime brokerage firm Hidden Road, now known as Ripple Prime. Its customers have already started using RLUSD as collateral or holding balances in stablecoins.
