Ripple’s RLUSD Well-Positioned to Benefit from Current Surge in Stablecoin Dominance ⋆ ZyCrypto

Ripple has minted nearly $20 million of Ripple USD (RLUSD) stablecoin, increasing the supply of this token at a time when stablecoin dominance is surging. The move coincides with a recent US Securities and Exchange Commission (SEC) effort to streamline stablecoin regulations, with the regulator stating that these tokens will be subject to the same guidelines as money market funds (MMFs). 

RLUSD Stablecoin Hits $1.55B Market Cap After $20M Mint

Data from CoinMarketCap shows that the RLUSD stablecoin now has a total market cap of more than $1.55 billion. After Ripple minted $20M tokens, the stablecoin’s supply increased, helping drive the market cap surge.

Despite the growth, RLUSD still holds a small share of the stablecoin market, which is dominated by giants such as USDT and USDC. Tether’s USDT has a $183 billion market cap, while USDC has a $74 billion market cap.

Nevertheless, RLUSD is well-positioned to benefit from the current surge in stablecoin dominance. On-chain data show this metric has reached record highs, indicating traders are exiting active positions and waiting for a more decisive move in the market before stepping back in.

SEC Delivers Friendly Stablecoin Regulations

The US securities regulator has proposed friendly stablecoin regulations that may boost the adoption of RLUSD and other stablecoins. According to analyst Richardson, the regulator has handed the crypto industry the biggest win of 2026, after making it easier for traditional financial institutions to hold stablecoins.

“Until today, stablecoins were getting hit with a 100% haircut by some firms. Meaning: hold $1M in stablecoins, lose $1M in usable capital. A total non-starter. Today, the SEC clarified the haircut will be 2%, giving stablecoins the same treatment as a money market fund and relieving broker-dealers from taking unnecessary precautions,” the analyst said.

The analyst added that before this new regulatory framework took effect, institutions had no incentive to transact in stablecoins due to the risk of dead capital. However, they will now be able to do so without risking their balance sheet.

He added that this guidance will integrate seamlessly with the legislative framework, such as the GENIUS Act, which the market has been anxiously awaiting. Therefore, this regulatory decision may have a bullish impact on US-native stablecoins, including the RLUSD.