Saad Ullah
Ripple's RLUSD stablecoin is picking up serious momentum. The token just minted 10 million coins in a single day, bringing its total market value to around $415.72 million – not far from the $500 million mark.
According to Ripple Stablecoin Tracker, a community account that watches RLUSD activity, this massive daily minting shows real demand is growing fast. The stablecoin has become one of the quickest-rising players in a market usually dominated by big names like USDT and USDC.
What's driving this growth? It's not just speculation. Ripple is actually building real use cases for RLUSD that institutions want to use.
Ripple USD Gets Institutional Backing
The big news here is that Ondo Finance just brought their short-term US Treasury fund (OUSG) to the XRP Ledger. Here's the kicker – they're using RLUSD for all the minting and redemption work.
This isn't small stuff. When established financial companies choose your stablecoin over others for their Treasury operations, it means they trust it. Ondo Finance could have picked any stablecoin, but they went with RLUSD.
This partnership shows Ripple's bigger game plan. They're not just trying to be another payment token – they want RLUSD to be the go-to stablecoin for real-world financial products moving onto blockchain.
Perfect Timing with New US Rules
RLUSD's growth surge comes right as the US Senate passed major stablecoin legislation. This is huge for the whole sector because it finally gives clear rules about how stablecoins should work.
The proposed GENIUS Act would require stablecoins to be backed by actual liquid assets like US dollars and Treasury bills. Issuers would also need to regularly show what's backing their tokens. The thing is, RLUSD already follows these standards, which puts it ahead of the game.
Industry watchers think this regulatory clarity will get more companies comfortable with using stablecoins. Big retailers are already talking about using them for online payments, which could create massive demand for regulated stablecoins like RLUSD.
Why Ripple USD Is Different
Stablecoins are basically the oil that keeps crypto markets running smoothly. They're pegged 1:1 to the dollar, so traders can move between different crypto assets without constantly converting to regular money.
But RLUSD has something most stablecoins don't – it's plugged into Ripple's existing network of banks and financial institutions worldwide. As these institutions explore blockchain solutions, having a reliable stablecoin they can actually use becomes essential.
The $500 million market cap that RLUSD is approaching isn't just a nice number. It shows the token is becoming a serious player that could grab significant market share as digital assets go mainstream.
With regulatory clarity coming, institutional partnerships growing, and retail interest building, RLUSD looks positioned for continued growth in the evolving stablecoin landscape.
Saad Ullah
