Ripple's RLUSD Stablecoin Surges to $1.55 Billion Market Cap

Ripple's RLUSD stablecoin has made significant strides in recent times, reaching a market capitalization of over $1.55 billion. This milestone marks the first time RLUSD has entered the top 50 cryptocurrencies by market cap.

The growth of RLUSD is attributed to its positioning for cross-border payments, tokenized assets, and settlement. Recent mints and high trading volumes demonstrate genuine demand, rather than speculation.

As RLUSD's market capitalization approaches $2 billion, it may have a positive impact on the price of XRP. A market researcher has hinted at 'something big brewing' with Ripple and its RLUSD stablecoin, suggesting that this could be a significant development for the company.