Ripple's RLUSD Surpasses $2.4B Market Cap with 50% Monthly Growth

Ripple's stablecoin, RLUSD, has exceeded $2.4 billion in market capitalization, up more than 50% from last month.

The milestone comes as daily activity for the token has tripled since the start of the year, according to an executive update from Ripple.

The company's senior vice president of stablecoins, Jack McDonald, shared the growth and reserve update on X, citing a $2.446 billion market capitalization and a monthly increase above 50%.