Ripple’s stablecoin, RLUSD, is seeing a major boost, with over $100 million issued since April 1. This marks one of the largest releases in months, driven by rising demand and growing adoption among payment providers and businesses.
Earlier this week, Ripple issued $50 million worth of RLUSD on Tuesday, followed by another $50 million on Wednesday. This increase in supply comes after Ripple integrated RLUSD into its official payments system, making it more useful for businesses and financial institutions.
Popular payment providers like BKK Forex and iSend have already started using RLUSD for transactions, further pushing its adoption.
Crypto analysts believe RLUSD could become a strong competitor to leading stablecoins like Tether (USDT) and USD Coin (USDC).
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RLUSD is backed 1:1 by the US dollar and is available on both the XRP Ledger and Ethereum. It is fully backed by dollar deposits, short-term US Treasuries, and cash equivalents, ensuring strong liquidity and stability.
Users can create RLUSD by depositing dollars with trusted partners or redeem their tokens for cash. The system keeps the price stable through market forces:
For institutional investors, RLUSD also offers extra security. A newly introduced “clawback” feature allows issuers to recover tokens in cases of fraud, illegal activity, or accidental transfers.
Since launching in December 2024, RLUSD has gained strong momentum, reaching nearly $250 million in market capitalization and surpassing $10 billion in trading volume.
The stablecoin is already supported by key partners like LMAX Digital, Zero Hash, Bitstamp, and Bullish. Recently, RLUSD became available on Kraken, one of the longest-standing crypto exchanges, further increasing accessibility for retail investors.
Despite RLUSD’s success, Ripple’s native token, XRP, fell 5% on Wednesday after President Donald Trump announced new tariffs on all international trading partners.
This drop erased XRP’s recent gains following the RLUSD integration news, showing how global economic policies can impact crypto markets. XRP is currently trading at $2.05, down over 2% in the past 24 hours. Analysts suggest that ongoing geopolitical developments could continue to affect XRP’s price in the coming weeks.
Ripple’s latest push with RLUSD shows ambition, but with markets as unpredictable as ever, staying ahead in the stablecoin race is anything but guaranteed.
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