Ripple's Stablecoin RLUSD Achieves Major Target by Crossing the $300 Million Market Capitalization Mark

Ripple's stablecoin RLUSD has continued to grow, reaching an important target with its market cap now over $317 million.

Ripple’s stablecoin, RLUSD, has achieved a major target with its market capitalization now over $300 million.

The stablecoin, which is backed 1:1 with the U.S. dollar, has now reached a market cap of $317.05 million, according to CoinMarketCap. This makes it the 12th largest stablecoin.

It is also showing strong trading activity with its 24-hour trading volume at $3,908,644,886. For perspective, the volume-to-market cap ratio for RLUSD stands at 12.08%. In comparison, the same ratio for Tether (USDT) is 0.15%, and for USDC it is 0.64%.

This highlights how briskly RLUSD is circulating in the market compared to other leading stablecoins.

As RLUSD strengthens its position among stablecoins, Ripple is working to widen its use across more platforms.

Recently, Aave formally integrated RLUSD to its V3 Ethereum Core market. This will make it possible for users to lend and borrow RLUSD with the lending limit set at $50 million and the borrowing limit set at $5 million.

Data from IntoTheBlock indicated that the value of RLUSD had reached a record high shortly after the start of this partnership.

This integration is part of a larger plan to bring DeFi applications to the XRP Ledger. Currently, DeFi platforms are utilizing Ripple’s stablecoin which will create more utility for XRP.

Recently, to boost the demand, Ripple burnt 12 million RLUSD tokens last week according to a Coingape report.

Announced in December 2022, Ripple’s stablecoin does not have a maximum supply limit. This will allow Ripple to adjust RLUSD issuance based on market demand while maintaining its 1:1 peg to the U.S. dollar.

This flexibility is crucial as the global stablecoin market is expanding rapidly. Experts at Boston Consulting Group estimate that the market could reach an astounding value of $2.8 trillion by 2030.

Furthermore, the rapid growth of the tokenization economy will generate demand for new use cases of stablecoins like RLUSD. Experts at Markets and Markets predict that the global tokenization market is expected to expand from $8.3 billion in 2023 to $15,883.9 billion by 2030.

Following the achievement of its initial $300 million target, RLUSD is expected to push toward new adoption and liquidity milestones.

This progress of RLUSD comes amid a small but persistent appreciation for XRP in the market as well.

In April 2025, XRP price rose by 10%, thus reversing a trend of declines in the same month for the last three years as per Cryptorank.

The current market cap for Ripple is $133 billion, which is close to the market cap of USDT of $148 billion. If this trend persists, there is a potential for XRP to achieve another target in the market by surpassing the USDT.

Meanwhile, in other XRP news the US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s proposal for a spot XRP ETF.

The SEC was due to make a decision on Monday, April 29, but it has now been pushed back to Friday, May 3.

This comes after ProShares confirmed that it will not be launching its XRP ETF on Monday, April 30, as previously announced.