Ripple's RLUSD Hits Record High Near $2.44B Amid Institutional Expansion

Ripple's RLUSD has reached a record high near $2.44 billion in supply, according to data aggregators.

The stablecoin's growth comes as Ripple continues to expand its role in institutional payments, treasury services, and capital markets.

According to Tony Edward, Thinking Crypto host, Ripple Stablecoin Chief Jack McDonald sees a customer base handling roughly $13 trillion in annual transactions.

This presents a major opportunity for RLUSD adoption in corporate treasuries, payments, and capital markets.