Ripple's RLUSD Stablecoin Surpasses $2 Billion Market Cap

Ripple's RLUSD stablecoin has reached a significant milestone, surpassing a $2 billion market capitalization just under two years after its launch in December 2024. This achievement comes as Ripple expands the use of RLUSD in various areas, including payments, trading collateral, and institutional finance. The company is also planning to establish a credit fund for fintech loans.

The stablecoin's growth can be attributed to nearly half being issued on the XRP Ledger and slightly more on Ethereum. What's more, RLUSD is backed by cash reserves held under New York State oversight, ensuring full backing for tokens in circulation.