The post Ripple News: RLUSD Hits $7.35B Trading Volume in 60 Days with Strong Institutional Demand appeared on BitcoinEthereumNews.com.

Ripple stablecoin RLUSD surpassed competitor trading volumes while expanding its reach through platforms like Revolut and Zero Hash, and achieving 120 million tokens in circulation. It is gaining traction for on-chain collateralization of tokenized assets and drawing financial institutions’ interest for cross-border settlement and treasury payments. Ripple’s RLUSD has been making strong inroads in recent times, expanding its footprint in the rapidly growing stablecoin market. As per the January independent attestation provided by the blockchain firm, the stablecoin has attained major progress within the first 60 days of launch. RLUSD Reports Strong Performance in January During the last month of January, Ripple’s RLUSD stablecoin registered $7.35 billion in trading volume across the XRP Ledger (XRPL) and Ethereum networks. As a result, it helped surpass the trading volumes of several of its competitors. Furthermore, the Ripple RLUSD stablecoin expanded its reach and market footprint while expanding on different platforms like Revolut and Zero Hash. As mentioned in our earlier post, Ripple’s stablecoin, RLUSD, has achieved a milestone with 120 million in circulation. Its growing adoption is enhancing XRP liquidity and stability by driving demand for XRPL-based assets, further solidifying its role within the Ripple ecosystem Furthermore, it seems that Ripple has been strategically expanding its stablecoin reach while keeping its reserves in check. RLUSD remains over-reserved, with $7 million more in reserves than the total supply of approximately $130 million. Additionally, RLUSD is attracting increasing interest as a tool for on-chain collateralization of tokenized assets, signaling potential new use cases in the evolving digital finance ecosystem. Reece Merrick, Senior Executive Officer for Ripple in the Middle East and Africa, revealed growing interest from financial institutions in utilizing RLUSD for various applications. In addition to its use in on-chain collateralization for tokenized assets, Merrick noted a surge in exploration of RLUSD’s potential…

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Filed under: News - @ March 2, 2025 11:24 pm