Ripple USD (RLUSD) Market Cap Nears $500 Million Amid Transak Integration and Custody Partnership
2025-07-09 14:04:56
Main Idea
Ripple's RLUSD stablecoin has reached a $500 million market cap, aided by its integration with Transak for fiat purchases in 64 countries and the selection of BNY Mellon as custodian, enhancing its global accessibility and institutional credibility.
Key Points
1. RLUSD's market cap nears $500 million, supported by Transak integration enabling fiat purchases in 64 countries, including major financial hubs like the US, UK, and EU.
2. Transak supports multiple fiat payment methods (Apple Pay, Google Pay, Visa, Mastercard, SEPA, wire transfers) and is compatible with over 450 crypto platforms, boosting RLUSD's accessibility.
3. Fiat off-ramp capabilities for RLUSD are expected in 2025, allowing stablecoin holders to convert back to fiat, further enhancing liquidity and utility.
4. BNY Mellon has been selected as the primary custodian for RLUSD reserves, strengthening its institutional credibility and security.
5. RLUSD has shown significant growth, with a 62% increase in market cap (nearly $200 million) since June 2025, according to CoinGecko.
Description
Ripple’s enterprise-focused stablecoin, RLUSD, has rapidly achieved a $500 million market capitalization within seven months of its late 2024 launch, signaling strong market confidence and adoption. The recent integration of
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