Ripple stablecoin RLUSD has officially crossed the $1 billion market cap mark, making it one of the fastest-growing assets in the stablecoin market.
According to on-chain data, RLUSD now holds a market valuation of roughly $1.027 billion at the time of writing, placing it among the top seven stablecoins globally.
RLUSD has now overtaken First Digital USD (FDUSD), which suffered a de-pegging incident in August 2025. FDUSD’s market cap sits at around $1.002 billion as of November 2025.
Surpassing an established competitor so quickly highlights growing market confidence in Ripple’s ecosystem and its expanding footprint in digital finance.
This milestone is impressive, especially considering RLUSD only launched in December 2024, less than a year ago.
The steady rise in its supply and adoption also signals strong demand from users and institutions seeking reliable digital payment options tied to the U.S. dollar.
Ethereum Leads RLUSD Adoption
While RLUSD exists on both Ethereum and the XRP Ledger (XRPL), most of its growth currently comes from Ethereum.
As of November 2025, data shows that 80% of RLUSD’s supply is on Ethereum, while 20% is on the XRPL.
This multi-chain approach gives users flexibility while strengthening the stablecoin’s adoption across different blockchain ecosystems.
Read also: Ripple Becomes 23rd Most Valuable Private Company in the World
RLUSD Driving Ripple’s Payment Innovation
RLUSD is part of Ripple’s broader strategy to build a full digital finance stack powered by blockchain. The company has been on an acquisition and merger spree in recent months, including deals involving GTreasury and Evernorth Holdings.
Recall that the San Francisco-based company also completed the acquisition of prime brokerage firm Hidden Road in October 2025, renaming it Ripple Prime. In November, it launched over-the-counter (OTC) spot crypto trading for institutions in the United States under Ripple Prime.
Alongside XRP, RLUSD plays a key role in Ripple’s payments and prime brokerage services, helping institutions settle transactions faster and more efficiently across global markets.
With RLUSD crossing $1 billion in circulation in under one year, Ripple continues to cement its place in the stablecoin and digital payments sector.
As more institutions like Western Union explore blockchain-based settlement tools, RLUSD’s momentum could continue to accelerate especially as Ripple expands services in the U.S. and internationally.
Read more: Stablecoins Explained: Roles in the Crypto Ecosystem
