Ripple’s RLUSD Stablecoin Explodes 2000%, Becomes 4th Most Traded

Ripple continues to make headlines, strengthening its position as a leader in the cryptocurrency space. Known for its innovative solutions and strong financial backing, the company is now making waves with its stablecoin, RLUSD. As the crypto industry is waiting for a fresh change after Trump’s win, Ripple’s efforts to expand its offerings and ensure transparency are setting new benchmarks.

Ripple Mints Millions of RLUSD

Ripple recently minted 1.79 million RLUSD on the Ethereum blockchain, as reported by the Ripple Stablecoin Tracker. This move is part of the company’s broader strategy to establish a strong presence in the growing stablecoin market. The company also announced that RLUSD will operate on both the Ethereum blockchain and the XRP Ledger, giving users more flexibility and access.

In the past 24 hours, approximately 6.7 million RLUSD were transferred across various platforms. Bitstamp, a major cryptocurrency exchange, moved 1.5 million RLUSD, while Ripple itself handled 500,000. The rest of the transfers were made by unidentified whales to unknown wallets, suggesting increasing interest in RLUSD.

RLUSD has experienced an explosive rise in trading volume, surging 2,000% to hit $611 million. Despite having a relatively small market cap of $53 million, RLUSD has become the fourth most-traded stablecoin. Recently, the stablecoin was listed on exchanges such as Uphold, MoonPay, and Bitso, which has helped raise its profile.

Ripple’s Commitment to Transparency

Ripple has issued nearly $80 million worth of RLUSD, backed by reserves totaling approximately $83 million. To ensure trust and transparency, the company plans to release its first attestation report later this month. This report, verified by independent auditors, will provide details about the assets backing RLUSD, showing Ripple’s commitment to accountability in the stablecoin market.

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Ripple’s Financial Strength

Beyond stablecoins, Ripple’s CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, in 2012 by Chris Larsen and Jed McCaleb, and has a headcount of 1,120. It is a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, founded by Brad Garlinghouse. He also played a unique and significant role in creating an advanced cross-border payment using blockchain technology. He is an extremely popular person across the globe in the crypto landscape. Brad has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. Joined Ripple as COO.  He was promoted to be the CEO in December 2016. Initially, he worked at AOL and Yahoo! where he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo Courier divisions. While at Yahoo, he also wrote an inner updated version known as the Peanut Butter Manifesto, requiring the organization to zero in on its core business instead of expanding itself. He is one of the Top Speakers in the Crypto and Blockchain field, where he shares the knowledge and evolvement of the technology in the current space    Quick Facts Full Name Bradley Kent Garlinghouse Birth 06-02-1971, in Topeka, Kansas Nationality American Education Bachelor's degree in Economics, MBA from Harvard Business School. Net Worth $10B (Refer here)   Ripple's native token, XRP is among the top digital assets. As per CoinGape, Brad's company has $100 billion worth of XRP tokens in its reserve. This will help further innovation in Web3 and blockchain projects. As per reports surfing on Binance’s blog, Brad Garlinghouse may step down as CEO of Ripple to join the Crypto Advisory Council, which is led by President Trump. This significant event will boost the adoption of decentralized finance and blockchain growth.   Brad Garlinghouse: Trivia 2007: Served as Senior VP at Yahoo!, heading communications and consumer products. 2012: Became CEO of Hightail, leading digital file-sharing innovations. 2015: Joined Ripple as COO to push blockchain adoption in cross-border payments. 2017: Became CEO of Ripple, driving XRP adoption and blockchain partnerships. 2020: Led Ripple’s defense against the SEC lawsuit over XRP’s security status. 2021: Expanded Ripple’s ODL (On-Demand Liquidity) network for global crypto payments. 2023: Got a partial success against the SEC, declaring XRP as not a security. 2024: Continue leading Ripple in CBDC collaborations and global blockchain finance. 2025: May join Trump's Crypto Advisory Council to set regulations.   Notable Works & Achievements by Brad Garlinghouse Year Achievements Details 2003 Wrote the 'Peanut Butter Manifesto' at Yahoo! Highlighted Yahoo!'s lack of focus in operations. 2015 Joined Ripple as Chief Operating Officer Took measures to integrate blockchain technology into banking systems. 2017 Appointed CEO of Ripple Expanded Ripple's global partnerships, enhancing cross-border payment solutions. 2020 Named in Forbes' List of Wealthiest in Cryptocurrency Recognized for significant contributions to the crypto industry. 2023 Legal Victory in SEC vs. Ripple Case Achieved a favorable ruling impacting cryptocurrency regulations.   EntrepreneurInvestorChief Executive OfficerBoard Member recently highlighted the company’s robust financial position. Ripple holds over $100 billion worth of XRP, significantly boosting its valuation. Despite rumors, Garlinghouse clarified that an IPO is not on the agenda, with Ripple’s focus firmly on innovation and long-term growth. 

In the meanwhile, Ripple is entangled in a legal battle with an SEC case and rumors are there that Ripple may appeal on Jan 15, however, John Deaton said the SEC will not appeal again as it will be a major loss for the SEC. In such a scenario when there is no regulatory clarity Ripple’s decision to mint Stablecoins, can impact the XRP price. XRP is already struggling to surpass the $3 target.

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