Ripple's Stablecoin Hits $1B Milestone; Company President Discusses M&A Strategy to Fuel Growth
Yahoo Financeยท2025-11-04 20:23
Ripple USD (RLUSD), the U.S. dollar stablecoin from the blockchain payments firm closely related to the XRP Ledger network, has surpassed $1 billion in market capitalization less than a year after launching in December 2024. The milestone makes RLUSD the 10th largest U.S. dollar-backed stablecoin by market cap, according to data from CoinGecko. Issued by Standard Custody & Trust Company, Ripple's New York state-regulated subsidiary, the token is backed by dollar reserves and short-term U.S. Treasuries, an ...