Ripple's RLUSD Stablecoin Rapidly Gains Traction, Outpaces PayPal's PYUSD and Circle's EURC in Daily Trading Volumes

Despite its relatively small market cap of around $53 million, RLUSD saw a massive 1,566% surge in 24-hour trading volume

Ripple’s [XRP-USD] RLUSD stablecoin is quickly becoming a fan favorite, outpacing even established competitors like PayPal’s PYUSD and Circle’s EURC in daily trading volumes—all while boasting a market cap of just $53 million.

Over the past 24 hours, RLUSD saw a massive 1,566% surge in trading volume, reaching almost $610 million. Compare that to PYUSD’s $20 million and EURC’s $10 million, and you’ll see why people are buzzing about RLUSD.

This dramatic growth has made RLUSD the third most traded stablecoin, following market leaders Tether (USDT) and Circle’s USDC. And people are flocking to it: user numbers climbed from 1,000 in December 2024 to over 7,600 in just a few short weeks. On the XRP Ledger, RLUSD is now the 13th largest asset by market capitalization, showing just how quickly it's rising through the ranks—and gaining support—within Ripple’s ecosystem.

Part of the secret to RLUSD’s success is its rapid expansion across major global exchanges. Recent listings on platforms like Uphold, Bitso, and Bullish have significantly boosted its liquidity and accessibility.

The Bullish listing on Christmas Eve was a particularly big moment for the token, enabling it to attract a broader user base and facilitate higher trading activity. Through these partnerships, RLUSD is quickly becoming one of the most accessible and liquid stablecoins out there, grabbing the attention of both retail and institutional investors alike.