Ripple’s Stablecoin Gains Momentum, Surging in Trading Volume

Ripple’s RLUSD stablecoin is rapidly gaining traction, outpacing established competitors like PayPal’s PYUSD and Circle’s EURC in daily trading volumes.

Despite its relatively small market cap of around $53 million, RLUSD saw a massive 1,566% surge in 24-hour trading volume, reaching almost $610 million. This figure far exceeds PYUSD’s $20 million and EURC’s $10 million, signaling RLUSD’s growing prominence in the stablecoin ecosystem.

This dramatic growth has elevated RLUSD to the third most traded stablecoin, following market leaders Tether (USDT) and Circle’s USDC. The stablecoin’s adoption has surged, with user numbers climbing from 1,000 in December 2024 to over 7,600 in a matter of weeks. On the XRP Ledger, RLUSD now ranks as the 13th largest asset by market capitalization, underlining its rapid ascent and the strong backing it enjoys within Ripple’s ecosystem.

Key to RLUSD’s success is its expansion across major global exchanges. Recent listings on platforms such as Uphold, Bitso, and Bullish have significantly boosted its liquidity and accessibility. The Bullish listing on Christmas Eve marked a milestone in the token’s journey, enabling it to attract a broader user base and facilitate higher trading activity. These partnerships have positioned RLUSD as a highly accessible and liquid stablecoin, drawing attention from both retail and institutional investors.

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Additionally, RLUSD’s performance reflects a broader strategy by Ripple to assert dominance in the stablecoin space, particularly against competitors like PayPal and Circle. Ripple’s emphasis on compliance and usability has made RLUSD a standout choice for users seeking a secure and efficient digital asset. With its current trajectory, RLUSD appears poised to further disrupt the stablecoin market, potentially challenging long-standing leaders and reshaping digital finance trends globally.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.