Ripple’s stablecoin RLUSD is quickly becoming a standout player in the digital dollar space, with its circulating supply jumping nearly 50% in June alone.
Data from DeFiLlama shows the asset now surpassing $455 million in issuance, reflecting a surge of more than $150 million this month.
Much of that growth has come from Ethereum, where RLUSD’s presence has expanded rapidly — quadrupling since the start of the year and now holding around $390 million. The remainder, roughly $65 million, is held on the XRP Ledger, Ripple’s native blockchain.
Analysts attribute RLUSD’s momentum to a combination of favorable regulatory shifts and Ripple’s improved legal position. The recent passage of the GENIUS Act in the U.S. has been especially impactful, laying out a clear legal structure for issuing dollar-backed stablecoins. That clarity has boosted market confidence and provided fertile ground for growth.
Meanwhile, Ripple’s long-standing legal battle with the U.S. SEC appears to be winding down. CEO Brad Garlinghouse confirmed the company is withdrawing its cross-appeal, signaling a truce that could open the door to broader institutional adoption.
Launched in December 2024, RLUSD is issued under a New York trust license and backed by cash and short-term U.S. Treasurys. It was built to meet global compliance standards — a strategic decision now paying off.
That global push includes the Middle East, where RLUSD recently received approval from Dubai’s Financial Services Authority. This nod allows companies operating in the DIFC — a financial center with over 7,000 businesses — to use the stablecoin for payments, asset management, and more. With expanding reach and regulatory support, RLUSD looks poised to become a key player in the next wave of stablecoin adoption.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/ripples-stablecoin-rlusd-accelerates-toward-wider-adoption/