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Ripple’s RLUSD Stablecoin Surges Past $500M Supply

The XRP-issued dollar token hits a major milestone as Ripple pursues a U.S. banking charter.
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Jul 9, 20251 min read

Ripple’s RLUSD stablecoin has crossed $500 million in circulating supply just seven months after launch, signaling rapid adoption as the company deepens its push into regulated finance.

What’s the Scoop?

  • Fast Growth: RLUSD, launched in December 2024, now ranks among the top 20 U.S. dollar stablecoins with ~$26M in daily volume, per CoinGecko.
  • Dual-Chain Issuance: The stablecoin is minted on both the XRP Ledger and Ethereum.
  • Bank Charter Ambitions: Ripple is seeking a U.S. national trust-bank charter, which would allow it to issue RLUSD under federal banking rules and hold customer deposits directly.
  • Competitive Landscape: USDC issuer Circle is also pursuing a similar license, aiming to strengthen its role as a federally supervised crypto-native bank.

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