Ripple's USD stablecoin RLUSD has exceeded $500 million in circulation in just seven months since its launch in December 2024. According to data from CoinGecko, RLUSD is currently issued on both the XRP Ledger and Ethereum, firmly ranking among the top 20 USD stablecoins, with a daily trading volume of approximately $26 million.
RLUSD is a stablecoin pegged to the US dollar, and the officials state that its 1:1 backing is supported by cash, equivalents, and short-term US Treasury bonds, representing a relatively 'conservative' compliant route.
In the face of increasingly fierce competition in the stablecoin market, the fact that Ripple has been able to scale RLUSD to this size in a short time indicates that it indeed has certain advantages in branding, ecological resources, and compliance layout.
The rise of RLUSD may not just be a matter of product strength, but rather reflects Ripple's 'trial and explosive' performance in the stablecoin field. If it can expand its use cases in cross-chain payments or institutional settlements in the future, it could become another force not to be ignored beyond USDC and USDT. #突破交易策略