Ripple’s RLUSD Hits $1.26B: Third-Largest U.S.-Regulated Stablecoin Ready for GENIUS Act

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a deflationary link between stablecoin growth and XRP supply.If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more hereRipple's USD-backed stablecoin, RLUSD, has hit a $1.26 billion market cap in less than a year. That makes it the third-largest among U.S.-regulated stablecoins positioned for GENIUS Act compliance when the federal framework takes effect in 2027.RLUSD launched in December 2024 as an enterprise-grade, dollar-pegged token fully backed 1:1 by cash and short-term U.S. Treasuries. It runs on both the XRP Ledger and Ethereum, giving it access to fast cross-border payments and deep DeFi liquidity.The stablecoin's circulating supply jumped 28% in November alone to reach the billion-dollar mark. It now sits behind only USDC and PayPal's PYUSD among U.S.-regulated dollar tokens. Strategic exchange listings, institutional pilots with major financial players, and dual-chain architecture drove the climb.Here's how RLUSD reached $1.26 billion, why its regulatory positioning matters, and what this means for XRP (CRYPTO: XRP).Color4260 / Shutterstock.comRipple USD launched in December 2024 as an enterprise stablecoin issued by Standard Custody & Trust Company, a Ripple subsidiary operating under a New York trust charter. The NYDFS license subjects RLUSD to one of the world's strictest regulatory regimes. Each token is backed 1:1 by cash and short-term U.S. Treasuries held in segregated accounts, and Ripple publishes monthly reserve attestations to maintain transparency.This regulatory foundation drove rapid adoption in 2025. By early November, RLUSD crossed $1 billion in market cap. The stablecoin then climbed from about $960 million at the start of November to $1.26 billion by early December—the 30% monthly jump pushed RLUSD into the top tier globally.Summit Art Creations / Shutterstock.comRLUSD reached the $1.26 billion milestone as a result of Ripple’s strategic integrations and institutional adoption. Here are the three key drivers of RLUSD’s growth.U.S.-regulated crypto platforms embraced RLUSD quickly. Gemini made RLUSD a base currency for trading and waived fees on RLUSD/USD pairs. The exchange called it an "industry-leading" stablecoin backed by safe assets.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,827.41 -73.59 (-1.07%)Dow 3048,458.05 -245.95 (-0.50%)Nasdaq23,195.17 -398.73 (-1.69%)Russell 20002,551.46 -39.15 (-1.51%)VIX15.74 +0.89 (+5.99%)Gold4,328.30 +15.30 (+0.35%)Trending tickersBTC-USD Bitcoin USD 88,889.94 -1,268.95 (-1.41%)ETH-USD Ethereum USD 3,092.20 -14.83 (-0.48%)XRP-USD XRP USD 1.99 -0.03 (-1.68%)SOL-USD Solana USD 130.48 -2.08 (-1.57%)BTC-CAD Bitcoin CAD 122,388.11 -1,747.14 (-1.41%)PortfolioSign in to access your portfolioSign inTop gainersYOU Clear Secure, Inc. 41.08 +4.82 (+13.29%)RIVN Rivian Automotive, Inc. 18.42 +1.99 (+12.11%)EVCM EverCommerce Inc. 12.08 +1.19 (+10.93%)LULU lululemon athletica inc. 204.97 +17.96 (+9.60%)VERA Vera Therapeutics, Inc. 49.80 +3.78 (+8.21%)Top losersFRMI Fermi Inc. 10.09 -5.16 (-33.84%)MOD Modine Manufacturing Company 139.88 -25.31 (-15.32%)OKLO Oklo Inc. 87.42 -15.58 (-15.13%)SEI Solaris Energy Infrastructure, Inc. 46.07 -8.01 (-14.81%)SNDK Sandisk Corporation 206.18 -35.43 (-14.66%)Most activeNVDA NVIDIA Corporation 175.02 -5.91 (-3.27%)BBAI BigBear.ai Holdings, Inc. 6.38 -0.36 (-5.34%)PLUG Plug Power Inc. 2.3200 -0.0400 (-1.69%)RIVN Rivian Automotive, Inc. 18.42 +1.99 (+12.11%)TSLA Tesla, Inc. 458.96 +12.09 (+2.71%)Top economic eventsEarnings eventsMy earnings eventsEarnings events