RLUSD Surpasses $1.64B Market Cap with Gate.io Listing and XRPL Adoption

Ripple USD (RLUSD) surpassed $1.64 billion in market capitalization, strengthening its position among dollar-backed stablecoins. At press time, daily trading volume stood at $71.3 million. The milestone reflects continued supply expansion and adoption since launch, with two primary drivers: Ripple's June 15 announcement of RLUSD's launch on Gate.io and the stablecoin's dominance within the XRP Ledger (XRPL) ecosystem. Tether (USDT) commands the largest stablecoin market cap at roughly $186.4 billion, while USD Coin (USDC) holds nearly $75 billion, highlighting the scale gap RLUSD faces in the broader stablecoin market.

Ripple Announces RLUSD Launch on Gate.io

Ripple's June 15 announcement confirmed RLUSD's launch on Gate.io, introducing XRP/RLUSD trading alongside Bitcoin (BTC), Ethereum (ETH), and USDT pairs. This development broadens access to the stablecoin and creates additional liquidity routes across the XRP ecosystem. The listing exposes RLUSD to a larger user base while improving capital movement between digital assets.

RLUSD Controls 98% of XRPL Stablecoin Liquidity

According to DeFiLlama data, RLUSD controls roughly 98% of XRPL stablecoin liquidity, representing about $760 million in value. Transfer volume exceeded $26 billion during Q1, while daily transactions regularly surpassed two million. This suggests users are actively moving capital through RLUSD rather than holding it passively. Ripple's push into enterprise payments creates a second growth avenue, with potential to strengthen XRPL liquidity further if institutional settlement activity continues rising.

FAQ

What market cap did RLUSD surpass?

RLUSD surpassed $1.64 billion in market capitalization. At press time, its daily trading volume stood at $71.3 million.

What are the two factors behind RLUSD's growth?

Ripple's June 15 announcement of RLUSD's launch on Gate.io introduced XRP/RLUSD trading alongside BTC, ETH, and USDT pairs. Additionally, RLUSD controls roughly 98% of XRPL stablecoin liquidity (about $760 million), with Q1 transfer volume exceeding $26 billion and daily transactions regularly surpassing two million.