Ripple’s RLUSD Stablecoin Catches Attention After Positive Growth Metrics Detailed in Its February Monthly Attestation Report

That report showed RLUSD’s market cap reached approximately $170 million.

Ripple’s stablecoin, RLUSD, has recently come into the spotlight following the positive growth metrics highlighted in its February monthly attestation report. That report showed RLUSD's market cap reached approximately $170 million.

This figure reportedly surpassed internal projections at the crypto custodian Standard Custody, prompting its CEO to forecast that RLUSD could potentially become a top 5 stablecoin by market cap by the end of 2025. As such, analysts are now assessing the factors underpinning this potential growth trajectory.

What Factors Support RLUSD's Growth Trajectory?

Several elements could contribute to RLUSD's expansion, according to analysis shared by the Standard Custody CEO. The stablecoin is now available on additional exchanges, with LMAX Group being cited as an example providing broader accessibility.

Furthermore, RLUSD has reportedly found utility within Decentralized Finance (DeFi) liquidity pools. Also, Non-Governmental Organizations (NGOs) like DIVA Donate and Mercy Corps Ventures are said to be using the stablecoin to streamline their charitable giving operations, showcasing real-world adoption.

How Far Must RLUSD Climb to Reach the Top 5?

For RLUSD to penetrate the top 5 stablecoin rankings by the end of 2025, it faces a substantial climb. It would need to outpace the fifth-ranked stablecoin, FDUSD, in terms of capitalization. At the time of writing, FDUSD's market cap is around $2.59 billion, according to CoinMarketCap.

Meanwhile, RLUSD is ranked 12th with a market cap of nearly $194 million. This difference implies that RLUSD requires roughly 13-fold growth over the next nine months to overtake FDUSD's current size (assuming FDUSD itself experiences no major growth). The dominant stablecoins USDT, USDC, DAI, and USDe currently occupy the top four positions.

RLUSD is a US dollar-pegged stablecoin supported by both the XRP Ledger and Ethereum blockchain. It is fully backed by reserves of cash and cash equivalents, with each RLUSD token being redeemable 1:1 for US dollars through approved channels, as stated by Ripple. Its potential ascent into the top tier depends heavily on continued adoption, expanding use cases, and favorable market conditions.