Ripple USD (RLUSD) Sees $100M Surge, Poised to Challenge Major Stablecoins

Ripple USD (RLUSD), the new stablecoin backed 1:1 by the U.S. dollar, is experiencing a significant surge in demand, with over $100 million issued since April 1. This represents one of the highest levels of issuance in months, underscoring growing enterprise interest in the asset.

💵💵💵💵💵💵💵 50,000,000 #RLUSD minted at RLUSD Treasury.https://t.co/OoZLB3xfgp

— Ripple Stablecoin Tracker (@RL_Tracker) April 2, 2025

Earlier this week, Ripple issued $50 million worth of RLUSD on Tuesday, followed by another $50 million on Wednesday. This increased issuance comes after RLUSD was integrated into Ripple’s official payments system, enhancing its enterprise utility. Well-known payment providers, including BKK Forex and iSend, have already begun using RLUSD for transactions, contributing to the growing adoption rate.

RLUSD Poised to Compete with Major Stablecoins

Industry experts are optimistic about RLUSD’s potential to disrupt the stablecoin market, suggesting that it could directly compete with established players like Tether (USDT) and USD Coin (USDC). Former Binance CEO Changpeng Zhao remarked that while the rise of RLUSD might seem like a “stablecoin war,” it’s ultimately a sign of healthy market competition.

Stablecoin war, I mean healthy competition😂, just getting started. https://t.co/oTrgofXAMk

— CZ 🔶 BNB (@cz_binance) April 2, 2025

As RLUSD continues to gain traction, decentralized finance (DeFi) apps on the XRP Ledger (XRPL) are expected to benefit, driving up the demand for XRP tokens. RLUSD’s stable value is maintained through market actions: when the price falls below $1, traders buy it to redeem at $1, increasing demand, while a price above $1 prompts the creation of additional supply.

Market Success and Global Adoption

Since its launch in December 2024, RLUSD has rapidly gained global traction, nearing a market cap of $250 million and facilitating $10 billion in trading volume. Its appeal is enhanced by a “clawback” feature, allowing Ripple to recover tokens from wallets in cases of fraud or accidental transfers, providing added security for investors.

Also Read: Ripple Partners with BDACS to Secure XRP & RLUSD Custody in South Korea

Recently, RLUSD was made available on Kraken, one of the world’s leading crypto exchanges, expanding its reach to retail users. With strong partnerships and increasing global demand, RLUSD is positioning itself as a prominent player in the stablecoin market.

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.