Ripple USD (RLUSD), a stablecoin issued by Ripple Labs Inc., has reached a market capitalization of $428 million and has recorded a new historic record.
Released in December 2024, Stablecoin RLUSD supported 1:1 in US dollars. Positioned as the 14th largest stub coin by capital letters.
Despite the growth of RLUSD, Stablecoin is far from a market leader. USDT issued by Tether, Dominates with $157,000 million capitalizationfollowed by 610 million Circle USDC.
RLUSD is located just below the FALCON USD (USDF) and costs $484 million. This shows that it is not a weight competitor yet Compare with 13 stub coins whose values exceed that.
This occurs while regulatory advances promote panorama improvements for RLUSD and other stubcoins. As reported by Cryptootics, the US Senate-approved Genius Law has established a legal framework that requires 1:1 reservations and annual audits of Stablecoins emitters backed by the Fíat currency.
The regulations await approval in the House, but their implementation could consolidate trust in these cryptocurrencies as an important part of the financial system, and benefit actors such as Ripple in their expansion strategies.