RLUSD Market Capitalization Surges 21% After Ripple Payments Integration

Ripple’s RLUSD stablecoin recorded a significant surge in market capitalization this week after its integration into Ripple Payments, the company’s cross-border payment solution.

RLUSD’s market capitalization spiked to $294 million, reflecting a 21% increase since Tuesday, April 1, and a 122% increase over the past month, according to CoinGecko. Ripple launched the stablecoin in December 2024.

This growth follows Ripple’s recent integration of RLUSD into its flagship payments solution, which processes billions of dollars in cross-border transactions. The increase also coincides with the advancement of the STABLE Act through the US House Committee. The STABLE Act, which was passed with a 32-17 vote on April 2, aims to regulate the issuance and trading of dollar-backed stablecoins.

“We're seeing the market cap continue to grow, outpacing our internal projections,” said Jack McDonald, SVP of Stablecoins at Ripple, in a press release. “In short order, RLUSD is being used for a number of use cases, including use as collateral in both crypto and traditional finance (TradFi) trading markets.”

He added that new exchanges are continuously listing RLUSD, and Ripple is actively collaborating with NGOs that see the opportunity to streamline charitable donations through stablecoins.

Stablecoins: A Growing Sector

Stablecoins, such as RLUSD, are digital assets pegged to traditional currencies, such as the US dollar.

The stablecoin industry has experienced explosive growth since 2019 – over the last 12 months, stablecoin volume has risen by 58%, while transaction volume has grown by 35%, as reported by The Defiant.

Currently, the stablecoin market boasts a capitalization of $235 billion, with Tether’s USDT maintaining a dominant 62% share and a market cap of around $145 billion, according to DeFiLlama. Following Tether is Circle’s USDC, which recently surpassed a $60 billion market capitalization.

Meanwhile, stablecoins have facilitated more than $242 trillion in total transaction volume since 2019, per Visa’s on-chain analytics.

Ripple Army

Since its launch, RLUSD has experienced strong global adoption, surpassing $10 billion in trading volume, the press release noted. Experts attribute this growth to several factors, including the rising demand for secure digital assets that can easily move between TradFi and decentralized finance (DeFi).

Ripple’s native cryptocurrency, XRP, however, has experienced losses this week – much like the broader cryptocurrency market. Currently, XRP is trading at around $2, a 15% decrease over the past week and a 16% drop over the last month.

These declines have been partly fueled by concerns over President Donald Trump’s trade war, following the implementation of his sweeping tariff policies.