RLUSD has reached a market capitalization of $1.64 billion for the first time. Data cited from SosoValue shows the stablecoin hit that mark roughly one year after launch, while trading volume surged by more than 72% over the past 24 hours. That move lifted RLUSD to ninth place among global stablecoins.
The rise also pushed RLUSD ahead of Tron-backed USDD by market value. In the source article, that shift is presented as a sign that attention is returning to the stablecoin sector, with investor preferences moving toward different assets inside the category. The sharp pickup in daily trading activity appears to have been a key support for the advance.
Top-10 entry comes about a year after launch
RLUSD reached the milestone around one year after it was introduced. For a stablecoin, entering the global top 10 usually points to a combination of larger circulating value, stronger market activity, and broader user acceptance. In RLUSD’s case, the climb came with both a higher market cap and a rapid increase in turnover.
The article notes that RLUSD entered the global top 10 within its first year, and that a 24-hour trading-volume increase of more than 72% helped drive the move. That matters because the growth was not limited to a snapshot market-cap figure. Activity in the market accelerated at the same time.
Cross-border payment use and institutional demand support growth
The report says RLUSD’s momentum is tied to more than short-term market action. The stablecoin was designed for cross-border payments and is gaining traction with organizations that operate internationally. That use case gives the asset a different profile from stablecoins driven mainly by exchange trading demand.
Ripple, the US-based fintech company focused on blockchain payment solutions, is described as a major force behind RLUSD’s development. According to the article, the company’s partnerships and ecosystem expansion efforts have contributed to the stablecoin’s recent rise.
NYDFS oversight adds to compliance appeal
One of RLUSD’s distinguishing features is its regulatory setup. The article says the stablecoin operates under the supervisory framework of the New York State Department of Financial Services, or NYDFS. That oversight has strengthened its credibility and compliance standing.
For institutional users, regulatory clarity can carry significant weight, especially in cross-border settlement and blockchain-based payment flows. The source also links RLUSD’s expanding role in institutional transactions with growing acceptance across the digital-asset ecosystem.
Broader crypto rebound sets the backdrop
RLUSD’s gains came during a wider recovery in the crypto market. After several months of weakness, major digital assets and stablecoins have posted renewed growth, which the article interprets as a sign of improving sentiment across the sector.
Against that backdrop, payment providers and users looking for regulated blockchain-based options are increasingly turning to RLUSD, according to the report. The article adds that the token’s rapid expansion could alter competition within the stablecoin market. For now, the combination of a $1.64 billion valuation, a 72% jump in 24-hour volume, and a global rank of No. 9 has made RLUSD one of the sector’s most closely watched names.