Ripple’s RLUSD Becomes June’s Fastest Growing Stablecoin with 47% Surge

In Brief:

Ripple’s RLUSD stablecoin saw a 47% growth in June, reaching a circulating supply of $455 million.

The stablecoin’s Ethereum supply quadrupled, fueled by regulatory clarity and Ripple’s improved legal standing.

Ripple’s RLUSD stablecoin has emerged as one of the fastest-growing assets in the crypto market, with its circulating supply increasing by 47% in June, reaching $455 million. Notably, RLUSD’s supply on Ethereum has surged nearly fourfold since January, currently accounting for approximately $390 million of its total supply, with $65 million residing on Ripple's XRP Ledger.

The recent surge in RLUSD’s adoption is attributed to key factors, including the passage of the US GENIUS Act, which provides clear regulatory guidelines for dollar-backed stablecoins, and Ripple’s improved legal position with the US Securities and Exchange Commission (SEC). These developments have boosted market confidence in RLUSD, positioning it as a reliable and compliant stablecoin.

Launched in December 2024, RLUSD is a US dollar-pegged stablecoin backed by short-term Treasurys and cash, minted under a New York trust company license. The token’s growth is further supported by approval from the Dubai Financial Services Authority (DFSA), allowing RLUSD’s use within the Dubai International Financial Centre (DIFC), a key financial hub for the Middle East, Africa, and South Asia.

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