30-3-2025 – Ripple’s stablecoin venture RLUSD has achieved substantial growth since its December 2024 launch, amassing a market capitalisation exceeding $170 million by February 2025, according to the latest attestation report.
The digital asset’s rapid ascent has caught the attention of major cryptocurrency exchanges, with LMAX becoming the newest platform to embrace RLUSD. This addition joins an impressive roster of established exchanges, including Bitstamp, Bitso, and Bullish, whilst Ripple executives hint at forthcoming partnerships with additional trading venues.
Jack McDonald, who heads Ripple’s stablecoin division as Senior Vice President, shared promising metrics via social media platform X, highlighting a notable surge in minting activity. The RLUSD Treasury witnessed the creation of 17 million tokens within a single day, underscoring robust demand for the digital asset.
The stablecoin’s utility has expanded beyond traditional trading, finding innovative applications in decentralised finance (DeFi) protocols. Charitable organisations have particularly embraced RLUSD for its efficient donation processing capabilities, whilst DeFi platforms have integrated the token into their liquidity pools for lending and trading operations.
Brad Garlinghouse, Ripple’s Chief Executive, has set ambitious targets for the stablecoin, projecting its rise to the top five stablecoins globally by year-end 2025. This bold forecast gains credibility following the SEC’s withdrawal of its appeal against Ripple, which has created a more favourable regulatory environment for the company’s innovations.
Market observers suggest RLUSD’s swift adoption could pose a significant challenge to established stablecoin leaders, particularly given Ripple’s extensive network within traditional financial institutions.
