Ripple RLUSD Stablecoin Crosses $1 Billion Market Cap Milestone
Ripple’s dollar-backed stablecoin has achieved remarkable growth within its first year. RLUSD surpassed $1 billion in market capitalization in early November 2025, less than a year after launching in December 2024. This milestone positions the stablecoin among the most successful launches in the digital asset space.
The stablecoin now ranks as the 10th largest USD-pegged stablecoin by market capitalization. Market data shows RLUSD’s circulating supply splits between $819 million on Ethereum and $203 million on the XRP Ledger. This dual-chain approach expands accessibility across different blockchain ecosystems.
RLUSD Stablecoin Growth Driven by Institutional Adoption
Monica Long, Ripple’s president, confirmed the company processed nearly $100 billion in payment volume to date. RLUSD serves as the primary stablecoin for these payment flows. The rapid adoption reflects strong demand from institutional clients seeking a reliable payment infrastructure.
The stablecoin demonstrates 1,278% year-to-date growth. Live data indicates RLUSD has 38,166 holders and processes $5.05 billion in monthly transfer volume. These metrics underscore growing confidence in Ripple’s stablecoin offering.
Long stated the company doubled its customer base throughout the year and now holds over 75 global licenses. This expansion enables Ripple to serve clients across multiple jurisdictions. The regulatory compliance approach builds trust among institutional users.
Regulatory Framework Behind RLUSD Market Cap Success
Standard Custody & Trust Company, a wholly-owned Ripple subsidiary, issues RLUSD under New York Department of Financial Services supervision. The regulatory oversight provides transparency and accountability. This framework differentiates RLUSD from many competing stablecoins.
The company maintains reserves of US Treasury bills with maturities of three months or less, government money market funds, and deposits at FDIC-insured banks. RLUSD maintains a 103% reserve buffer through a 3% initial buffer and daily variation adjustments. These safeguards protect holders against market volatility.
The Bank of New York Mellon holds non-cash reserve assets in custody. This arrangement separates reserves from Ripple’s proprietary assets. Independent certified public accountants conduct monthly attestations of reserves and circulation.
Bitnomial Adds RLUSD as Margin Collateral Option
Bitnomial announced on November 4, 2025, that its clearinghouse became the first U.S.-registered derivatives clearing organization to accept stablecoins as native margin collateral. The platform launched support for RLUSD and expanded its digital asset margin program to include XRP.
Luke Hoersten, CEO of Bitnomial, explained that RLUSD brings stablecoin efficiency to their margin system. The integration allows traders to hold USD-equivalent positions on-chain. RLUSD and XRP margin deposits are now available for institutional clients trading leveraged perpetuals, futures, and options.
Jack McDonald, SVP of Stablecoins at Ripple, noted that stablecoins are moving from primarily speculative use cases to real-world applications. The Bitnomial partnership demonstrates practical utility beyond basic transactions. This development expands RLUSD’s reach within traditional financial markets.
Strategic Partnerships Accelerate RLUSD Stablecoin Adoption
Ripple completed four acquisitions in 2025 to expand its digital asset offerings. The company purchased prime broker Hidden Road for $1.25 billion and bought stablecoin payments company Rail for $200 million. These strategic moves strengthen Ripple’s infrastructure capabilities.
Nonprofit organizations, including World Central Kitchen and Water.org, announced partnerships to use RLUSD for cross-border humanitarian aid payments. The humanitarian applications showcase stablecoin benefits for global aid distribution. Fast settlement times enable emergency relief organizations to respond quickly.
Ripple partnered with Securitize in September to enable investors in BlackRock’s BUIDL and VanEck’s VBILL funds to directly swap tokenized shares for RLUSD. This integration provides continuous liquidity for tokenized treasury funds. The partnership bridges traditional finance with blockchain technology.
Ripple expanded RLUSD into African markets through partnerships with Chipper Cash, VALR, and Yellow Card. These collaborations bring access to millions of users across the continent. The geographic expansion demonstrates Ripple’s commitment to global financial inclusion.
Conclusion
RLUSD’s rapid ascent to a $1 billion market cap validates Ripple’s stablecoin strategy. The combination of regulatory compliance, institutional partnerships, and practical applications positions RLUSD for continued growth. Bitnomial’s adoption as margin collateral marks another milestone in mainstream acceptance.
