Ripple's Stablecoin 'RLUSD' Surpasses $1 Billion in Circulation

Ripple's US dollar-linked stablecoin 'RippleUSD (RLUSD)' has surpassed a market cap of $1 billion (approximately 150 billion yen) in less than a year since its launch in December 2024. RLUSD is a trust-type stablecoin authorized by the state of New York, issued by Standard Custody under Ripple's umbrella. Its backing assets include US dollar deposits and short-term US treasury securities. It circulates on both the Ethereum and XRP Ledger, and is integrated into Ripple's payment network and liquidity services. During the 'Ripple Swell 2025' event currently held in New York, Ripple's president Monica Long highlighted...