Market Cap: $3.3108T -0.840%
Volume(24h): $101.8321B 28.100%
  • Market Cap: $3.3108T -0.840%
  • Volume(24h): $101.8321B 28.100%
  • Fear & Greed Index:
  • Market Cap: $3.3108T -0.840%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$107167.915651 USD

-1.23%

ethereum
ethereum

$2484.735224 USD

-0.65%

tether
tether

$1.000551 USD

0.03%

xrp
xrp

$2.227485 USD

1.25%

bnb
bnb

$657.234657 USD

0.38%

solana
solana

$153.359085 USD

0.76%

usd-coin
usd-coin

$1.000234 USD

0.03%

tron
tron

$0.279694 USD

1.12%

dogecoin
dogecoin

$0.164283 USD

-2.04%

cardano
cardano

$0.566559 USD

-0.46%

hyperliquid
hyperliquid

$39.355826 USD

-3.77%

bitcoin-cash
bitcoin-cash

$520.939018 USD

3.97%

sui
sui

$2.773602 USD

-2.77%

chainlink
chainlink

$13.247285 USD

-2.04%

unus-sed-leo
unus-sed-leo

$9.098882 USD

-0.71%

Cryptocurrency News Articles

Ripple's RLUSD: Surging Volumes and Bold Claims

Jun 30, 2025 at 09:55 pm

Ripple's RLUSD stablecoin is making waves, with bold claims of $10 billion daily volume sparking debate. Is it hype, or a glimpse into the future of cross-border payments?

Ripple's RLUSD: Surging Volumes and Bold Claims

Ripple's RLUSD: Surging Volumes and Bold Claims

Ripple's RLUSD stablecoin is turning heads with claims of massive daily transaction volumes. But is the hype justified? Let's dive into the details.

The $10 Billion Claim

Reece Merrick, a Ripple executive, boldly stated that RLUSD clears $10 billion in daily transaction volume. This claim, made at the Dubai Fintech Summit, has ignited a debate within the XRP community and beyond. According to Merrick, stablecoins like RLUSD are key to revolutionizing cross-border payments by offering instant and low-cost settlements.

Crypto Eri, a prominent figure in the XRP community, highlighted Merrick's statement, estimating an annualized volume of $3.65 trillion. This figure raises eyebrows, especially considering RLUSD's current market capitalization.

RLUSD's Growth and Adoption

Launched last year, RLUSD has seen rapid adoption, reaching a market cap of roughly $455 million. Its supply on the Ethereum blockchain has nearly doubled since January 2025, signaling increased utility within DeFi protocols and payment applications. The stablecoin's 1:1 peg to the U.S. dollar aims to provide a reliable store of value, particularly during volatile market conditions.

Context Matters: Comparing to USDT

To put RLUSD's claimed volume into perspective, consider Tether's USDT. Vet, a dUNL validator, pointed out that USDT, with a much larger market cap, also sees significant daily volumes. While USDT's daily volume is substantial, it's important to note that even with a market cap of $158 billion, USDT's daily volume is still lower than its market cap.

The comparison to USDT highlights the potential for RLUSD to grow, but also underscores the importance of verifying the sustainability of such high transaction volumes relative to its market cap. Some have suggested that Merrick may have intended to say millions, not billions.

SBI's XRP Movements

In related news, SBI Holdings, a key Ripple partner, recently transferred $703 million worth of XRP. This large-scale transfer, occurring just before Ripple's monthly escrow unlock, suggests strategic internal adjustments and ongoing institutional interest in XRP.

The Big Picture

Whether RLUSD is truly processing $10 billion daily remains to be seen. However, the stablecoin's growth and adoption, coupled with SBI's strategic XRP movements, paint a picture of increasing activity within the Ripple ecosystem. As regulatory clarity improves and institutional interest grows, RLUSD and XRP are poised to play a significant role in the future of digital finance.

Final Thoughts

So, is RLUSD the real deal? Only time will tell. But one thing's for sure: the conversation around Ripple, RLUSD, and daily transaction volumes is heating up. Keep an eye on this space – it's bound to get even more interesting!

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jul 01, 2025