Ripple's stablecoin RLUSD, launched in December 2024, reached a notable market capitalization of $293 million, indicating growing demand and acceptance in global markets.
Growth of RLUSD Market Capitalization
The RLUSD stablecoin achieved a market capitalization of $293 million just months after its launch. Data from CoinMarketCap confirms this growth, showing a 24-hour trading volume of $36.12 million. The increase in capitalization reflects rising demand and acceptance across global markets.
Trading Volume Exceeds $10 Billion
Since its debut, RLUSD has recorded more than $10 billion in cumulative trading volume. The asset draws attention not only as a payment tool but also as collateral in both crypto and traditional finance markets. Its listing on several exchanges has further contributed to its increased liquidity.
Aid Project in Kenya Using RLUSD
Ripple has launched a pilot project in Kenya in collaboration with Mercy Corps Ventures and DIVA Donate. The initiative supports drought-affected pastoral communities using RLUSD on Ethereum. Payouts are triggered by satellite data using smart contracts, offering a data-driven approach to financial relief.
Ripple is actively working with international partners to drive RLUSD availability across key regions, continuing to position RLUSD as a competitive option in the growing stablecoin sector.
