Gate News message, April 27 — Ripple’s RLUSD stablecoin is steadily gaining traction, with total supply now approaching $1.6 billion, driven by consistent institutional demand and cross-chain expansion. According to XRP Ledger validator Vet, the growth reflects sustained market activity marked by recurring cycles of minting and redemptions, rather than speculative spikes. If current momentum continues, RLUSD could realistically cross $2 billion in circulation before year-end.
At the core of this expansion is Ripple’s institutional-first strategy, targeting banks, payment providers, and enterprise financial systems with a regulated, dollar-backed stablecoin for compliant digital settlement. On the interoperability front, RLUSD has widened its footprint through Wanchain bridge support, enabling movement across XRPL, Ethereum, and Cardano ecosystems. Early discussions around potential direct settlement integration with Mastercard, still in exploratory stages, could further expand RLUSD’s real-world utility by bridging traditional card payments with blockchain-based settlement systems.
At present, RLUSD’s market capitalization is hovering around $1.5 billion, broadly aligned with its circulating supply, signaling steady, organic expansion. The combination of institutional integrations, cross-chain access, and improved liquidity efficiency suggests sustained momentum, with the trajectory pointing toward the $2 billion milestone as digital finance adoption accelerates.
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