Ripple's stablecoin RLUSD has seen rapid growth, surpassing $455 million in issuance, with $390 million on Ethereum and $65 million on the XRP Ledger.
RLUSD's momentum is attributed to regulatory shifts like the GENIUS Act and Ripple's improved legal position, including progress in the legal battle with the U.S. SEC.
Launched in December 2024, RLUSD is backed by cash and U.S. Treasurys, meeting global compliance standards and gaining regulatory approval in regions like the Middle East.
With expanding reach and regulatory support, RLUSD appears poised to be a significant player in the stablecoin adoption wave, potentially entering broader institutional adoption.