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Ripple USD Stablecoin Nears $2B Market Cap Milestone

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR

  • Ripple USD has reached a market capitalization of $1.56 billion with 1.55 billion tokens in circulation.
  • RLUSD is now less than $500 million away from achieving the $2 billion market cap milestone.
  • Ripple minted $40 million worth of RLUSD on Ethereum earlier this week.
  • Daily trading volumes for RLUSD have remained above $43 million, with several sessions exceeding $100 million.
  • RLUSD has maintained its $1 peg despite broader weakness in the crypto market.

Ripple’s USD (RLUSD)-backed stablecoin approaches a new supply milestone as market capitalization reaches $1.56 billion. Circulating supply stands at 1.55 billion tokens, according to CoinMarketCap data. The token now sits less than $500 million away from the $2 billion level.

Ripple USD Supply Growth Nears $2 Billion Mark

Ripple USD recorded a $40 million mint on Ethereum earlier this week. The mint increased total supply while daily trading volume stayed above $43 million.

Data shows RLUSD has maintained volumes above $100 million on several recent sessions. At the same time, the token has held its $1 peg during broader crypto market weakness.

Ripple has expanded RLUSD distribution through regulated financial channels. The company continues to position the stablecoin within traditional finance infrastructure.

Deutsche Bank integrated Ripple technology for cross-border payments this week. The integration supports Ripple’s broader push into regulated payment systems.

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Société Générale also expanded its MiCA-compliant euro stablecoin onto the XRP Ledger. This move connects European regulated assets with Ripple’s blockchain network.

Ripple has outlined plans for a Japan rollout with SBI Holdings. Market participants track this expansion as part of RLUSD’s international growth.

The company also continues its pursuit of a U.S. National Trust Charter. Regulatory approval would support further institutional adoption of Ripple USD.

Institutional Strategy Supports RLUSD Expansion

Ripple has spent nearly $3 billion on acquisitions tied to financial infrastructure. Executives describe the strategy as focused on compliance and institutional utility.

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The company has referred to its approach as “boring is better” in prior statements. This positioning emphasizes oversight and integration over speculative growth.

RLUSD differs from XRP because its growth depends on circulating supply. Each new token enters circulation through minting tied to demand.

Supply growth reflects usage across payment and settlement channels. Ripple links this expansion to partnerships with regulated financial entities.

Recent market conditions have pressured many crypto assets. However, RLUSD has remained stable and preserved its dollar peg.

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Trading activity has continued even during periods of broader asset declines. Volume data supports consistent liquidity across major exchanges.

If current minting trends continue, RLUSD could cross $2 billion by early Q2 2026. The projection follows current supply growth patterns and institutional integrations.

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Crypto World

CME Group to Launch Avalanche and Sui Futures Contracts

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CME Group to Launch Avalanche and Sui Futures Contracts

CME Group is expanding its suite of cryptocurrency futures products, as more traditional finance (TradFi) entities launch regulated crypto trading products.

On Tuesday, CME Group announced plans to launch Avalanche (AVAX) and Sui (SUI) futures contracts on May 4, pending regulatory review.

Market participants will be able to trade both micro-sized and larger-sized contracts, including AVAX futures sized at 5,000 AVAX and Micro AVAX futures sized at 500 AVAX, as well as SUI futures sized at 50,000 SUI and Micro SUI futures sized at 5,000 SUI.

CME expands altcoin futures lineup

The news follows CME Group’s announcement in January of its plans to launch crypto futures contracts tied to Cardano (ADA), Chainlink (LINK) and Stellar (XLM).

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The move is the latest sign that traditional financial firms are broadening their regulated crypto product offerings.

CME Group’s continued expansion of its crypto derivatives suite reflects “growing demand for regulated, institutionally-sound products in this asset class,” said Justin Young, CEO and Co-founder of Volatility Shares.

During an earnings call in early February, CME Group CEO Terry Duffy said the exchange is mulling plans to launch its own digital token that could operate on a decentralized network.

CME Group is the largest derivatives exchange by volume, and reported a record average daily trading volume of 28.1 million contracts in 2025, according to a Jan. 7 announcement.

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Related: Crypto exchanges gain as tokenized commodity market climbs to $7.7B

CME Group prepares to launch 24/7 trading for crypto products

More TradFi entities are exploring ways to issue tokenized investment products with 24/7 trading. CME said on Feb. 19 that its cryptocurrency futures and options products will begin trading 24/7 on May 29.

Unlike traditional stocks and equities constrained to trading hours, cryptocurrencies are natively tradable 24/7 through cryptocurrency exchanges and decentralized venues.

On March 24, the New York Stock Exchange (NYSE) announced it was partnering with tokenization platform Securitize to mint blockchain-based shares of stocks and exchange-traded funds (ETFs), Cointelegraph reported. The initiative is part of its parent company, Intercontinental Exchange’s (ICE) plan for a tokenized securities venue designed for 24/7 trading and instant onchain settlement.

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Meanwhile, crypto exchanges are also venturing into tokenized TradFi products. Coinbase launched 24/7 stock perpetual futures for non-US traders on March 20, offering cash-settled exposure to major US stocks and indices, including Apple and Nvidia.

Crypto exchanges Binance and Kraken have also launched tokenized perpetual futures trading for non-US traders, along with other offshore platforms.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?

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