A dollar-pegged stablecoin developed by Ripple is rapidly gaining momentum, crossing $300 million in market value and entering the spotlight in the competitive world of digital assets.
The asset, RLUSD, has been making quiet but steady inroads into the market, now valued at over $317 million and ranking just outside the top ten among stablecoins.
What sets RLUSD apart isn’t just its dollar backing or its recent price stability—it’s Ripple’s broader strategy. Rather than capping its supply, the company has designed the token with flexibility, allowing it to expand in response to demand while maintaining its $1 peg. That structure, combined with increasing activity around the asset, is helping it gain a foothold in decentralized finance.
One key move was its integration into Aave’s Ethereum-based lending protocol. RLUSD can now be borrowed or lent under defined limits, and shortly after going live on the platform, it saw a noticeable spike in trading volumes and valuation. These developments are part of a larger effort by Ripple to weave RLUSD into the expanding DeFi ecosystem, including future plans tied to the XRP Ledger.
Ripple appears to be playing the long game. Rather than chase hype, it’s focusing on building stable, regulated tools that position it for the next stage of crypto adoption. CEO Brad Garlinghouse has hinted at ambitions for RLUSD to become a dominant force in the stablecoin space by the end of 2025, capitalizing on both DeFi expansion and the broader push toward tokenized assets.
Meanwhile, XRP itself has shown fresh signs of life. After years of sluggish April performance, the token climbed 10% this month, lifting Ripple’s total market cap to nearly $133 billion. That puts it in striking distance of industry leader Tether.
Still, the regulatory environment remains murky. The SEC recently postponed its decision on a proposed spot XRP ETF by Franklin Templeton, and ProShares opted to halt its own plans for a launch this April.
All signs suggest Ripple isn’t just aiming to grow RLUSD—it’s quietly laying the groundwork for a wider shift in how stable value is integrated across the digital economy.
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/rlusd-quietly-crosses-300m-ripple-eyes-bigger-role-in-digital-finance/