TL;DR
- Ripple’s stablecoin, RLUSD, has 6,510 holders and saw a 174% increase in trading volume, reaching $73.6 million in 24 hours.
- The stablecoin received regulatory recognition in Abu Dhabi and Singapore, allowing its use as collateral and in regulated payments.
- Ripple partnered with MasterCard to offer blockchain-based settlements.
Ripple Labs’ stablecoin, RLUSD, has experienced notable growth in recent days. According to CoinMarketCap data, the coin now has 6,510 holders and recorded a 174% increase in trading volume over the past 24 hours, reaching $73.6 million. This performance reflects its popularity among investors and users in a market dominated by established stablecoins like USDT and USDC.
The rise in the number of holders indicates that RLUSD is gaining traction as an alternative within the digital payments ecosystem. Each wallet address represents a user or entity holding the coin, and while the number is not exhaustive, it demonstrates a steady increase in adoption. Ripple attributes this demand to the global shift from fiat payment systems to digital assets, a change that reinforces the stablecoin’s utility beyond trading, incorporating it into everyday payments and transactions.
RLUSD Gains New Licenses and Expands Across Markets
The stablecoin has also advanced in institutional and regulatory expansion. In Abu Dhabi, RLUSD was legally recognized as collateral for loans within the Abu Dhabi Global Market financial free zone. Singapore authorized its use in fully regulated end-to-end payment services, demonstrating that traditional institutions are integrating the stablecoin into their operations. These licenses boost adoption and strengthen confidence in the coin within robust regulatory markets.
Strategically, Ripple partnered with MasterCard to implement blockchain-based settlements for credit card transactions using RLUSD. The collaboration aims to reduce costs and processing times while maintaining transparency and security in operations. These initiatives position the stablecoin as an efficient and reliable payment tool, capable of competing with USDT and USDC and attracting new institutional and retail users.
RLUSD demonstrates that stablecoins not only serve as a store of value but are also evolving into a payment infrastructure within a financial ecosystem moving toward asset digitalization
