Recent reports indicate a significant surge in the adoption and transaction volume of the Ripple stablecoin RLUSD, with metrics showing an increase of approximately 52-57.75% within a short timeframe. Despite this apparent spike, there is no official confirmation from Ripple Labs or its leadership regarding the reasons behind the rise or any corresponding strategic developments. The increase in RLUSD activity has been especially notable following the last minting event on April 25, 2025, when 11.5 million tokens were issued.
RLUSD is built on the XRP Ledger (XRPL), which allows XRP to serve as gas for transaction fees, implying that higher RLUSD transaction volumes could generate increased demand for XRP itself. The rise in RLUSD volume, currently reported at around $52.48 million, was accompanied by a modest upward price movement of XRP, which traded at about $2.31 at the time of reporting—a 2.02% increase in the last 24 hours.
The RLUSD stablecoin has also gained broader market access, recently being listed on the Bitget exchange with trading pairs RLUSD/USDT and RLUSD/USDC. Additionally, its launch on the Aave V3 Ethereum market earlier contributed to a 102% spike in volume, reflecting bullish sentiment around this token. Such developments position RLUSD as a growing competitor in the stablecoin market alongside major players like Tether and Circle.
While the surge incites community speculation about the positive implications for XRP’s utility and demand in the broader Ripple ecosystem, experts caution that without official data or statements from Ripple’s management, the real impact remains uncertain. Ripple CEO Brad Garlinghouse has emphasized ongoing focus on XRP’s regulatory path and institutional adoption rather than stablecoin-specific updates. Historical trends suggest that speculative interest alone does not guarantee a sustained market effect.