Ripple's stablecoin RLUSD has demonstrated impressive growth, surpassing $455 million in issuance. This article explores the key factors behind this growth and its international prospects.
Growth of RLUSD Issuance
Data from DeFiLlama shows that the issued volume of stablecoin RLUSD now exceeds $455 million. This month, the issuance increased by over $150 million, marking a significant surge.
Factors of Success
The main factors contributing to RLUSD's growth include favorable regulatory shifts and Ripple's improved legal position. The recent passage of the GENIUS Act in the U.S. has played an important role by providing a clear legal framework for issuing dollar-backed stablecoins.
Global Prospects
Launched in December 2024, RLUSD has recently received approval from Dubai's Financial Services Authority, allowing it to be used for payments and asset management in the free economic zone. With expanding reach and regulatory support, RLUSD is well-positioned to become a key player among stablecoins.
Ripple's stablecoin RLUSD is showing steady growth against a backdrop of solid regulation and expanding international support, potentially opening new horizons for its use.
