Ripple’s RLUSD Hits Massive Milestone as Adoption Increases: Details
2025-07-10 01:33:31
Main Idea
Ripple's stablecoin RLUSD has gained significant traction in 2025, achieving regulatory approvals and expanding its market presence, while also being involved in a disputed acquisition rumor.
Key Points
1. RLUSD is designed to be MiCA compliant and has been approved by NYDFS and DFSA, with a market cap reaching over $500 million.
2. The stablecoin is available on major exchanges like Kraken, Bitget, and Uniswap, and is supported by Swiss global bank AMINA.
3. Ripple acquired brokerage firm Hidden Road, which clears $3 trillion annually, to use RLUSD as collateral for prime products.
4. There were rumors of Ripple attempting to acquire Circle (USDC) for $4-5 billion, but Circle's CEO denied these claims.
5. RLUSD's market cap is significantly smaller compared to competitors like USDT and USDC, which have market caps of $158 billion and $61 billion respectively.
Description
We’re only halfway through the year, but Ripple’s stablecoin, RLUSD, has made a serious entrance into the ranks of industry leaders. While some of the company’s plans may have seemed speculative, its steps into the TradFi space are steadily being solidified. Decisively Climbing The Ranks RLUSD quickly made waves by being designed to be Markets in Crypto-Assets (MiCA) compliant, the European Union’s regulatory framework for digital assets, as it processed over 33,000 transactions within its first...
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