RLUSD’s market cap of $1.64 billion jumps to ninth globally, with 24-hour trading volume up more than 72%

SosoValue data as of June 16 shows that Ripple’s native stablecoin RLUSD market cap first exceeded $164 million, becoming the world’s ninth-largest stablecoin, surpassing Tron’s USDD. In the same period, 24-hour trading volume rose by more than 72%. This milestone occurred about one year after RLUSD’s launch.

RLUSD Market Cap and Ranking Confirmed Numbers

(Source: SoSoValue)

According to SosoValue data and U.Today’s report:

Market cap: first exceeded $164 million (over $160 million)

Global stablecoin ranking: 9th

Surpassed: Tron’s stablecoin USDD

24-hour trading volume increase: over 72%

Launch time: about one year (launched in December 2024)

RLUSD Regulatory Background: NYDFS Regulatory Approval

RLUSD operates under the regulatory framework of the New York State Department of Financial Services (NYDFS). NYDFS approval is one of RLUSD’s main differentiating regulatory advantages. U.Today reported that this regulatory status gives RLUSD higher compliance and trustworthiness for institutional use cases and cross-border payment scenarios. Demand from institutional users and payment service providers for regulated blockchain payment solutions is one of the confirmed drivers behind RLUSD’s growth.

FAQs

Is RLUSD currently the 9th or 10th largest stablecoin globally?

According to U.Today’s report, RLUSD is now ranked as the ninth-largest stablecoin globally, surpassing Tron’s USDD. (Some reports differ in ranking methodology; the data source is SosoValue.)

How does RLUSD’s $164 million market cap compare with other major stablecoins?

RLUSD is currently ranked 9th, while the top two positions are still occupied by larger stablecoins such as Tether (USDT) and Circle (USDC). RLUSD has surpassed USDD (Tron’s stablecoin).

Why did RLUSD receive NYDFS regulatory approval?

According to Ripple’s official information, when RLUSD was launched in December 2024, it had already received the approval issued by NYDFS. NYDFS is one of the most stringent state-level financial regulators in the United States, and RLUSD is one of the stablecoins holding that approval. This regulatory background is a core selling point for its push toward the institutional market.