RLUSD Nears $800M Market Cap on Volume Surge
RLUSD stablecoin has seen its market cap rise to about $728 million, approaching $800M, fueled by a 15.8% surge in 24-hour trading volume to $106.3 million. On-chain liquidity remains strong, with a volume-to-market-cap ratio of 14.47. Ripple’s strategic rollouts in Africa with partners like Chipper Cash, VALR and Yellow Card aim to reduce cross-border remittance costs and accelerate settlements. Regulatory approval from the Dubai Financial Services Authority further opens RLUSD to institutional and retail users in a key financial hub. Launched in December 2024, RLUSD stablecoin continues to attract real-world use cases and corporate partnerships. Traders should watch on-chain activity and liquidity signals to gauge short-term price stability and long-term adoption prospects.
Bullish
RLUSD’s surge in trading volume and market cap, coupled with strong on-chain liquidity metrics, indicates growing investor interest and price momentum. The strategic launches in Africa and regulatory approval in Dubai serve as catalysts, improving global accessibility and use cases. In the short term, these developments could sustain trading momentum and drive price appreciation. Longer-term adoption prospects look positive as more remittance and payment processors integrate RLUSD, reinforcing demand and market stability.