RLUSD Surges Toward $2B Market Cap as Stablecoin Gains Momentum

Ripple's RLUSD is closing in on a $2 billion market capitalization milestone as the stablecoin gains traction.

The asset's circulating supply has reached 1.55 billion tokens, according to CoinMarketCap data, with an issuance of $40 million on Ethereum and sustained daily trading volumes exceeding $43 million driving its growth in recent days.

Ripple has allocated nearly $3 billion to corporate acquisitions to expand the operational infrastructure of its regulated asset, aiming to bolster its custody and compliance framework.