RLUSD Surges 122% in One Month as Stablecoins Take Over

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Ripple’s stablecoin has experienced a significant surge, climbing 21% in just two days time this week to a $294 million market cap. Meanwhile, the cryptocurrency market recorded mild gains on Friday, buoyed by promising macroeconomic data, with Bitcoin, Ethereum, and XRP all recording price increases.

In other news, the DeFi sector continues to face turbulence, with DeFAI, AI Agents, and DeSci emerging as some of 2025’s worst-performing crypto sectors. As the space struggles with instability, projects like Lens are pushing forward, with the decentralized social ecosystem launching its mainnet on Ethereum Layer 2.

✍️ In today’s newsletter:

RLUSD market cap nears $300 million
Crypto market gains on Friday following carnage on Thursday
TRUMP memecoin plummets following tariff rollout
Synthetix’s sUSD depegs below $0.92
Hyperlane announces $HYPER airdrop date
Treasure DAO restructures
DeFAI, AI Agents, and DeSci wipe out in 2025
Aave Founder’s Lens launches on mainnet

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RLUSD Market Capitalization Surges 21% After Ripple Payments Integration

Ripple’s RLUSD stablecoin recorded a major boost this week, with its market cap jumping 21% to $294 million following integration with Ripple Payments. Launched in December 2024, RLUSD has surged 122% over the past month.

Crypto Market Rebounds Slightly After Tariff-Induced Losses

The cryptocurrency market rebounded on Friday, supported by positive macroeconomic data, following significant losses on Thursday due to President Trump's trade tariffs. Bitcoin rose 1% to $82,700, while Ethereum gained nearly 1% to $1,790.

TRUMP Memecoin Plummets as Tariffs Roil Markets

The TRUMP memecoin dropped another 13% to a $9 billion valuation. After peaking at a $75 billion FDV in January, the token has slid steadily. The most recent selloff has been amplified by Trump’s tariff policies.

Synthetix’s Stablecoin sUSD Depegs to Below $0.92 Twice This Week

Synthetix’s sUSD stablecoin slipped below its dollar peg twice this week, dropping over 8% to just above $0.91. Core contributors acknowledged the instability and attributed it to excess supply.

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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.