As Ripple Increases Liquidity Supply, RLUSD Approaches $1.5 Billion Milestone

Posted on by

TLDR

  • After a substantial boost in liquidity, Ripple’s RLUSD stablecoin is getting close to a market capitalization of $1.5 billion.
  • The recent expansion of its market supply was contributed to by the fresh minting of 28.2 million RLUSD tokens.
  • The growth in RLUSD’s market cap shows the increasing institutional demand for Ripple’s stablecoin that focuses on compliance.
  • Ripple’s RLUSD enables faster cross – border settlements, taking the place of traditional multi – day wire transfers.
  • RLUSD reached a key liquidity milestone when it was spot – listed on Binance, resulting in 24 – hour trading volumes exceeding $363 million.

Ripple’s stablecoin, which is pegged to the U.S. dollar, is on course to reach a market capitalization of $1.5 billion. Following a recent increase in liquidity, RLUSD’s market cap currently stands at $1.39 billion. This expansion emphasizes the growing institutional demand for Ripple’s stablecoin that prioritizes compliance, and it is now being incorporated into corporate cash management systems.

RLUSD Continues to Grow with Institutional Demand

On Monday, Ripple minted 28.2 million RLUSD, which contributed to the recent surge in supply. This increase brings the stablecoin nearer to its target market value of $1.5 billion. The minting of RLUSD is in line with Ripple’s objective of meeting the demand for faster cross – border payments.

Ripple’s RLUSD is designed to meet institutional needs, offering a compliance – friendly solution for real – time settlements. Different from traditional stablecoins focused on retail, RLUSD enables 3 – to – 5 – second cross – border transactions, replacing multi – day wire transfers. As it integrates RLUSD into corporate cash management workflows, it shows the stablecoin’s growing role in institutional finance.

RLUSD Listed on Binance and Reaches Key Liquidity Milestone

In January, RLUSD achieved a crucial milestone with a spot listing on. The listing of RLUSD on the world’s largest exchange greatly improved its liquidity. This development has led to trading volumes of more than $363 million in just 24 hours.

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