Ripple’s institutional stablecoin, RLUSD, has achieved another breakthrough with its listing on Euler Finance, a leading DeFi lending platform. The listing enables users to lend, borrow, and use RLUSD as collateral—marking a significant step toward broader decentralized finance integration. Euler Finance has also rolled out incentive programs for RLUSD lenders, which could further boost liquidity and drive user adoption within the DeFi ecosystem.
The RLUSD stablecoin, pegged 1:1 to the U.S. dollar, has positioned itself as a regulated, institutional-grade asset. Its utility continues to expand, having already been integrated into Ripple Payments and Hidden Road’s $1.25 billion institutional services. Additionally, platforms like Revolut, Zero Hash, and most recently Gemini have embraced the token, increasing accessibility across retail and institutional markets.
.@Ripple's institutional-grade stablecoin, $RLUSD is live on Euler.
— Euler Labs (@eulerfinance) May 28, 2025
Users can borrow, lend, or use it as collateral.
Incentives are now available for lenders. pic.twitter.com/dhqevIXQ98
Surging Trading Volumes Reflect Growing Interest
The Gemini listing marked a turning point for RLUSD, triggering a notable 63.7% spike in 24-hour trading volume. At its peak, the volume surpassed $52 million, signaling strong momentum among both traders and institutional participants. As RLUSD gains more listings and deeper integration across crypto platforms, its daily activity continues to climb, showcasing Ripple’s success in building a credible alternative in the stablecoin sector.
Ripple’s focus on transparency and regulatory compliance has resonated with financial institutions, helping RLUSD carve a niche in an otherwise crowded stablecoin market. The stablecoin’s current market capitalization has surpassed $300 million, placing it 12th globally among stablecoins.
Also Read: Ripple RLUSD Gains Ground in Europe as USDT Exits Over MiCA Rules
Navigating Competition in a Growing Market
Despite its rapid ascent, RLUSD faces stiff competition. Traditional banking giants like JPMorgan and other U.S. banks are entering the stablecoin space, potentially disrupting Ripple’s strategy. Meanwhile, top players like Tether (USDT) and USD Coin (USDC) dominate with market caps of $111 billion and $33 billion, respectively.
Still, Ripple’s enterprise-focused strategy offers a unique edge. The company is also making headlines beyond finance—recently donating $25 million through DonorsChoose and Teach For America, underscoring its commitment to social impact. As RLUSD expands its footprint, its blend of regulatory compliance, real-world utility, and strategic positioning could prove pivotal in the evolving stablecoin landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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