RLUSD Market Cap Surges in Under 7 Months
Ripple’s stablecoin, RLUSD, which is pegged to the U.S. dollar, has seen rapid adoption. In less than seven months since its late 2024 launch, RLUSD has reached a market cap of $500 million, driven by strong institutional partnerships and rising retail interest.
Transak Integration Expands Global Access
The latest catalyst? A new partnership with Transak, a global crypto payment gateway, now enables more than 8 million users to purchase RLUSD using fiat currencies in 64 countries.
Harshit Gangwar, Transak’s Head of Marketing, noted that the integration was strategically planned for regulatory ease across multiple jurisdictions. RLUSD is now available on MetaMask, Trust Wallet, Ledger, Uniswap, and other popular DeFi tools.
Users can buy RLUSD via:
This ensures global accessibility, and Transak is preparing for new use cases in remittances and cross-border payments by 2025.
RLUSD Reserves Now Custodied by BNY Mellon
Ripple has appointed BNY Mellon—America’s oldest bank and a global leader in asset servicing—as the official custodian for RLUSD reserves.
Emily Portney, Global Head of Asset Servicing at BNY Mellon, emphasized:
“We’re excited to contribute to the growth of the digital assets universe with a custody solution built for institutional-grade needs.”
This partnership strengthens Ripple’s vision of creating secure, scalable financial instruments for both businesses and consumers.
From Enterprise to Everyday Utility
While RLUSD was originally designed for enterprise use, it is now entering everyday crypto finance. With Transak bringing fiat on-ramps and BNY Mellon ensuring secure reserves, Ripple is building a real-world stablecoin for long-term utility.
According to CoinGecko, RLUSD has gained $200 million in market cap in the past month alone—a 62% increase—placing it among the top 20 stablecoins globally.
Conclusion
Ripple’s RLUSD is evolving from an enterprise-grade stablecoin to a mainstream digital dollar alternative. With seamless payments via Transak and trusted custody from BNY Mellon, RLUSD is positioned to become a cornerstone of the crypto payment ecosystem. The rapid growth of RLUSD signals that Ripple’s roadmap is gaining serious traction in global financial markets.
