Ripple’s USD‑pegged stablecoin RLUSD has broken the $1.64 billion market‑capitalization threshold, marking a notable expansion since its inception.
Capital Growth and Trading Activity
The stablecoin now records a daily trading volume of approximately $71.3 million, indicating consistent investor interest across payment and settlement networks. This volume reflects a blend of new issuance and broader distribution channels that have emerged over the past months.
Competitive Landscape
Within the stablecoin arena, Tether USDT dominates with a market cap near $186.4 billion, while USD Coin USDC trails at roughly $75 billion. RLUSD’s achievement narrows the gap with smaller rivals but still underscores the scale of competition faced by Ripple’s native dollar‑linked asset.
Liquidity Boost via Gate.io
On June 15, Ripple announced the integration of RLUSD on the Gate.io exchange, adding an XRP/RLUSD pair alongside BTC, ETH, and USDT markets. This move expands access for traders, enriches liquidity pathways in the XRP ecosystem, and enhances capital flow between digital assets.