Home RLUSD Stablecoin Crosses $1B, Ripple Eyes M&A To Accelerate Expansion

RLUSD Stablecoin Crosses $1B, Ripple Eyes M&A To Accelerate Expansion

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RLUSD Stablecoin Crosses $1B, Ripple Eyes M&A To Accelerate Expansion | 3verseTV
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Ripple’s stablecoin RLUSD has surpassed $1 billion in market capitalization less than a year after its December 2024 launch, placing it among the top 10 dollar-backed stablecoins. RLUSD is issued by Standard Custody & Trust Company, Ripple’s New York-regulated unit, and is backed by dollar reserves and U.S. Treasuries. Early adoption has been driven by Ripple’s strong institutional network, though retail uptake is also rising.

Ripple president Monica Long told CoinDesk that the company has now processed nearly $100 billion in payments, with RLUSD serving as its primary settlement token. Ripple has doubled its customer base this year and holds over 75 global licenses.

To accelerate growth, Ripple is executing a series of acquisitions including prime broker Hidden Road, stablecoin payments firm Rail, treasury platform GTreasury, and wallet startup Palisade. While RLUSD remains smaller than USDT and USDC, its rapid ascent signals Ripple’s push to expand its payments and liquidity footprint globally.

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Written by
Vishakha Thakur -

Vishakha Thakur is a news anchor at 3.0 TV with five years of experience in journalism, specializing in crypto and Web3 for over three years. She hosts popular weekly shows like AI Coins and ETF Watch Crypto Edition and has a deep understanding of the Web3 ecosystem, including Blockchain, Crypto ETFs, Metaverse, NFTs, Meme coins and Digital Assets. Vishakha has reported from major events including Crypto Expo Dubai and Money Expo Mumbai and has interviewed more than 50 industry leaders, such as Eric Balchunas and James Seyffart from Bloomberg, along with experts from CoinShares and Standard Chartered. Before 3.0 TV, she worked with TSR Digital TV in Himachal Pradesh and BalleBolly Magazine in Chandigarh, India’s first English print magazine for the Punjabi film and music industry, where she anchored interviews and wrote feature articles. Hailing from Himachal Pradesh, Vishakha is a gold medalist in Journalism and Mass Communication and is passionate about making complex digital finance topics clear and accessible through careful research and insightful reporting.

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