XRP Eyes $2.40 As Ripple’s RLUSD Stablecoin Smashes $500M Market Cap
Posted On July 9, 2025
Ripple‘s U.S. dollar-pegged stablecoin RLUSD has surpassed $500 million in circulation just seven months after launch, placing it among the top 20 dollar-denominated stablecoins in the market.
What Happened: The token, which operates on both the XRP (CRYPTO: XRP) Ledger and Ethereum (CRYPTO: ETH), sees average daily trading volumes around $26 million, according to CoinGecko data.
The rapid growth comes as Ripple seeks a federal trust bank license from U.S. regulators, a move that would allow the firm to manage customer …
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