TL;DR
- Ripple’s stablecoin RLUSD sees a 135% surge in trading volume amid a broader market downturn.
- Its market cap reaches $1.34B, driven by the Binance listing and new token minting.
- The bearish market context favors stablecoins as a safe haven, capturing risk capital rotation.
Ripple’s RLUSD stablecoin registered a 135.28% increase in trading volume during the last 24 hours, reaching $207.5 million. The increase contrasts with the bearish trend of the general crypto market, which fell 5.28% in the same period.
RLUSD achieved a market capitalization of $1.34 billion, placing it in 52nd position on the CoinMarketCap ranking. The stablecoin is approximately $10 million below KuCoin Token (KCS) and $60 million behind MX Finance (MYX). Both tokens registered weekly declines between 4% and 5%.
The growth in RLUSD volume during a phase of generalized decline suggests strong trader participation, possibly through arbitrage or cross-market liquidity flows. Ripple minted 10 million new RLUSD tokens on the XRP Ledger, signaling expectations of increased demand.
Binance Listing Drives Trading Activity
The recent inclusion on Binance functions as the main driver of liquidity and visibility for RLUSD. Listings on top-tier exchanges historically boost trading activity and stabilize prices. Stablecoins like FDUSD, TrueUSD and USDC experienced similar increases after expanding to major platforms.
Stablecoin minting typically follows institutional orders or anticipatory liquidity provisioning, similar to how USDC or USDT issuance increases during capital inflow periods. The pattern observed in RLUSD replicates previous behaviors of established stablecoins.
The bearish market context favors stablecoins because traders move risk capital toward stable-value assets. The increase in RLUSD volume could indicate rotation into safety, cross-border and institutional settlement demand, and liquidity positioning ahead of a potential recovery.
Ripple emphasized cross-border and institutional settlement use cases as core RLUSD applications. Institutional adoption and remittance use cases represent key factors for sustained growth of the stablecoin beyond speculative trading volume.
If KuCoin Token drops another 3% and RLUSD adds just $15 million in market cap (approximately 1.1% gain), the stablecoin would advance to 49th position in the ranking. The position within the top 50 offers symbolic but strategically valuable visibility for Ripple in the stablecoin competition.
The stablecoin market benefits during generalized declines because traders seek to preserve capital while maintaining active liquidity on exchanges. RLUSD captures part of that demand by offering an additional alternative to USDT, USDC and other dominant stablecoins.
To maintain a position within the top 50, RLUSD needs growth in real-world utility, not just trading volume. Continued institutional adoption, expansion of remittance use cases and new exchange listings will determine whether the stablecoin consolidates its position or simply experiences a temporary increase driven by speculation.
The current momentum of RLUSD, fueled by institutional adoption, listings on major platforms and minting of new tokens, positions Ripple’s stablecoin with strong possibilities to secure and maintain a position within the global top 50 if it sustains the growth of capital inflows.
