Ripple's RLUSD stablecoin has recorded a significant spike in activity, with trading volume increasing by 260.43% in the past 24 hours, attracting trader attention amidst cryptocurrency market volatility.
Trading Volume Growth for RLUSD
According to CoinMarketCap data, the increased trading volume reached $69.72 million, reflecting growing interest from crypto traders. During the same period, the overall market declined by 1.02%, indicating a shift in preference toward more stable digital assets.
RLUSD in Decentralized Finance
RLUSD has also gained popularity within decentralized finance protocols. For instance, Euler Finance reported that the amount of RLUSD borrowed on its platform reached an all-time high of $49.97 million. This noteworthy increase highlights growing interest in the asset, as RLUSD was only added to Euler's listings in May 2025.
Market Outlook and Reactions
According to Bitstamp’s general manager, Leonard Hoh, RLUSD is facilitating real-world use cases for users in the ecosystem. The ongoing success of RLUSD may also be reflected in the price stability of XRP, Ripple's native token, which continues to trade at a high level. The 260% increase in RLUSD's trading volume in recent times underscores its increasing acceptance and potential in the crowded stablecoin market.
The increase in trading volumes and activity on decentralized platforms indicates significant growth and acceptance of the RLUSD stablecoin in key areas of the cryptocurrency market.
