The USD stablecoin RLUSD issued by Ripple has exceeded $500 million in circulation just seven months after its launch. According to CoinGecko, the product is issued on XRPLedger and Ethereum, ranking among the top 20 USD stablecoins, with a daily trading volume of approximately $26 million. Ripple's RLUSD stablecoin was launched in December 2024. It is pegged to the US dollar at a 1:1 ratio and is backed by cash, cash equivalents, and short-term US Treasury securities.