Home – Ripple News – Ripple Exec Showcases Encouraging RLUSD Market Progress Amid Attestation Report
TL;DR
RLUSD, Ripple’s stablecoin, is experiencing accelerated growth, approaching a market capitalization of $900 million. This achievement was shared by Jack McDonald, Senior Vice President of Stablecoins at Ripple, who highlighted in a recent tweet the key milestones demonstrating the solid RLUSD market progress.
This advancement not only reflects market confidence but also occurs in a context of strategic expansion and increased adoption in key sectors of the financial and academic ecosystem.
The stablecoin’s momentum was already reflected in sector reports. According to Messari’s recent “State of XRP Ledger Q3, 2025” report, RLUSD market progress was notable during the third quarter.
By the end of that period, the stablecoin reached a combined market capitalization of $789.3 million, distributed between the XRP Ledger (XRPL) and Ethereum. Specifically on the XRPL, RLUSD closed Q3 with $88.8 million, representing an impressive 34.7% quarterly increase, consolidating its position as the largest stablecoin on that network.
Jack McDonald also revealed that RLUSD market progress goes beyond figures, focusing on functional utility. A prominent example is its use to fund grants for the University Blockchain Research Initiative (UBRI). Ripple recently announced the funding of over $1.5 million in renewed UBRI grants, which will be entirely disbursed in RLUSD stablecoin.
Furthermore, several strategic integrations are strengthening its ecosystem. In October, Brale announced its integration with the XRP Ledger for stablecoin issuance, allowing businesses to issue USD-backed stablecoins and settle operations in RLUSD.
In parallel, Ripple completed the acquisition of the brokerage firm Hidden Road, now rebranded as Ripple Prime. It is reported that customers of this new division are already using RLUSD as collateral or holding their balances in the stablecoin. This move is anticipated to significantly enhance the utility and reach of RLUSD in the institutional financial services sector.
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