RLUSD Nears $1.5 Billion Milestone as Ripple Expands Liquidity Supply

TLDR

• Ripple’s RLUSD stablecoin is approaching a $1.5 billion market capitalization after a significant liquidity boost.
• A fresh minting of 28.2 million RLUSD tokens contributed to the recent expansion of its market supply.
• The increase in RLUSD’s market cap reflects growing institutional demand for Ripple’s compliance-focused stablecoin.
• Ripple’s RLUSD facilitates faster cross-border settlements, replacing traditional multi-day wire transfers.
• RLUSD achieved a key liquidity milestone with its spot listing on Binance, driving 24-hour trading volumes over $363 million.

Ripple’s U.S. dollar-pegged stablecoin, RLUSD, is on track to reach a $1.5 billion market capitalization. After a recent boost in liquidity, RLUSD’s market cap now stands at $1.39 billion. This expansion underscores the growing institutional demand for Ripple’s compliance-first stablecoin, which is now being integrated into corporate cash management systems.

RLUSD Continues to Grow with Institutional Demand

On Monday, Ripple minted 28.2 million RLUSD, contributing to the recent surge in supply. This increase brings the stablecoin closer to its target of $1.5 billion in market value. The minting of RLUSD aligns with Ripple’s goal of meeting the demand for faster cross-border payments.

Ripple’s RLUSD is designed to cater to institutional needs, providing a compliance-friendly solution for real-time settlements. Unlike traditional retail-focused stablecoins, RLUSD facilitates 3-to-5-second cross-border transactions, replacing multi-day wire transfers. As Ripple integrates RLUSD into corporate cash management workflows, it demonstrates the stablecoin’s growing role in institutional finance.

RLUSD Listed on Binance and Reaches Key Liquidity Milestone

January saw RLUSD achieve a crucial milestone with a spot listing on Binance. The listing of RLUSD on the world’s largest exchange significantly enhanced its liquidity. This development has led to trading volumes of over $363 million in just 24 hours.

The RLUSD/USDT and XRP/RLUSD pairs on Binance offer deep liquidity, making RLUSD more accessible to a broader range of investors. Ripple’s stablecoin is no longer confined to just being a settlement layer but has evolved into a legitimate trading asset. This increased liquidity has positioned RLUSD as a valuable counterparty for global investors, expanding its utility beyond corporate payments.

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