Ripple's stablecoin, RLUSD, has recently achieved a significant milestone, surpassing a $600 million supply, signaling its rapid ascent in the digital asset landscape. This impressive growth is underpinned by Ripple's aggressive strategic initiatives aimed at broadening its market reach and establishing regulatory clarity.
Remarkable Growth Trajectory
RLUSD's supply surged by over 32% between June and July alone, making it the second fastest-growing stablecoin among its peers over $500 million. Since May, its supply has nearly doubled, with its market capitalization leaping from $309 million to $455.3 million in just one month. The stablecoin also recorded over $11 billion in cumulative transfer volume in 2025, culminating in a new monthly high of $3.3 billion in July volume. This consistent upward trend demonstrates RLUSD's increasing adoption and liquidity, as it has maintained over $1 billion in monthly trading volume since April.
Strategic Moves and Market Expansion
This meteoric rise is no accident, as Ripple has simultaneously launched a multi-faceted global strategy to bolster RLUSD's position. Key moves include pursuing a national banking charter, aiming to make RLUSD the first stablecoin under both state and federal oversight alongside its existing New York Department of Financial Services registry. Furthermore, Ripple announced BNY Mellon as its custodian partner, enhancing institutional trust. Globally, Ripple is capitalizing on the Federal Reserve's formal adoption of the ISO 20022 messaging standard in the U.S. and actively working to make RLUSD MiCA-compliant for a strategic entry into the European market from a base in Luxembourg.
Industry Scrutiny
Despite this impressive trajectory, the rapid growth of RLUSD has not been without scrutiny. A notable blockchain investigator questioned the organic nature of its user base, expressing greater trust in established stablecoin issuers like Circle, Paxos, and Tether. This highlights the ongoing need for transparency and organic adoption in the competitive stablecoin market.
