Ripple USD stablecoin (RLUSD) has flipped the $500 million mark less than a week after U.Today reported on the possibility of it happening. RLUSD achieved the feat within seven months of its debut on the cryptocurrency market.
RLUSD expansion and partnerships fuel growth trajectory
According to CoinMarketCap data, the Ripple stablecoin now has a circulating supply of 501.24 million RLUSD.
The asset’s market capitalization has also increased by 3.28% to $501.21 million. These figures are significant, considering that the stablecoin market is dominated by industry giants such as Tether (USDT) and Circle (USDC).
Notably, the development means RLUSD is part of the elite top 20 ranked stablecoins on the market. It signals continued adoption of the asset by crypto market participants despite the presence of notable options like USDT.
The dollar-pegged stablecoin recently got a boost when Switzerland’s AMINA Bank became the first bank to provide support for RLUSD. AMINA Bank, a regulated institution, now offers trading services and custody to its clients.
The news triggered a 20% uptick in volume for the asset and likely contributed to RLUSD breaching the $500 million milestone.
Ripple has also taken steps to expand RLUSD’s utility by collaborating with OpenPayd. The London-based financial services platform will offer scalable payment solutions to increase access to cross-border payments.
U.S. regulation could accelerate growth to $1 billion
Given the partnerships and expansionary moves by Ripple for the stablecoin, it is likely to grow faster from here. Users in the space believe that RLUSD could accelerate toward the $1 billion milestone in the first quarter of 2026 — that is, if it misses hitting the mark before the end of 2025.
Ripple USD stablecoin has a favorable regulatory environment to support its growth in the U.S., particularly with the incoming GENIUS Act. The bill will not only establish a federal framework for stablecoins but also enhance consumer protection.
Interestingly, the push toward the $1 billion mark aligns with Brad Garlinghouse’s vision, as he declared that RLUSD is set to compete with the likes of USDT and USDC.
