Ripple’s stablecoin, RLUSD, has achieved a major target by crossing the $300 million market capitalization mark. The stablecoin, which is backed 1:1 with the U.S. dollar, has now reached a market cap of $317.05 million.
Ripple’s stablecoin RLUSD has continued to grow, reaching an important target with its market cap now over $317 million. The stablecoin remains firmly pegged at $1.00, supported by market dynamics and demand.
According to CoinMarketCap data, RLUSD is ranked 12th among stablecoins with a market cap of $317.13M. Despite being a new entrant, Ripple stablecoin has shown strong momentum. The volume-to-market cap ratio for RLUSD stands at 12.08%, indicating healthy trading activity compared to other stablecoins.
As RLUSD strengthens its position among stablecoins, Ripple is working to widen its use across more platforms.
Ripple stablecoin RLUSD does not have a maximum supply limit. This flexibility allows Ripple to adjust RLUSD issuance based on market demand while maintaining its 1:1 peg to the U.S. dollar.
Recently, Aave formally integrated RLUSD to its V3 Ethereum Core market. This makes it possible for users to lend and borrow RLUSD with the lending limit set at $50 million and the borrowing limit set at $5 million. Data from IntoTheBlock indicated that the value of RLUSD had reached a record high shortly after the start of this partnership.
As this adoption grows, developers are integrating the stablecoin into a larger plan to bring DeFi applications to the XRP Ledger.
Currently, DeFi platforms are utilizing Ripple’s stablecoin RLUSD, which will create more utility for XRP. Moreover, recently to boost the demand, Ripple burnt 12 million RLUSD tokens last week according to a Coingape report.
Ripple’s strategy focuses on establishing RLUSD as a key asset in the growing stablecoin sector. CEO Brad Garlinghouse predicted in March that Ripple Stablecoin could become a top-five stablecoin by the end of 2025.
He explained, “We are building RLUSD to meet global demand in a fast-evolving market.” The global stablecoin market is projected to reach $2.8 trillion by 2030, giving Ripple stablecoin room for growth toward its target.
Ripple stablecoin could also benefit from the growing tokenization economy, which experts estimate could expand to $16 trillion over the next decade.
Following the achievement of its initial $300 million target, RLUSD is expected to push toward new adoption and liquidity milestones.
The progress of RLUSD comes amid revived appreciation for XRP in the market as well. In April 2025, XRP price rose by 10%, thus reversing a trend of declines in the same month for the last three years as per Cryptorank.
The current market cap for Ripple is $133 billion, which is near the market cap of USDT of $148 billion. If this trend persists, there is a potential for XRP to achieve another target in the market by surpassing the USDT.
Meanwhile, in other XRP news the US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s proposal for a spot XRP ETF. ProShares has also confirmed it will not launch an XRP ETF on April 30.
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