On July 9, 2025, Ripple's U.S. dollar-pegged stablecoin, RLUSD, reached a market capitalization exceeding $500 million, just seven months after its December 2024 launch. (Source: Original Text) This rapid growth demonstrates increasing adoption within the digital asset market.
RLUSD, minted on both the XRP Ledger and Ethereum, is among the top 20 dollar-backed stablecoins, with a daily volume of about $26 million. Its success is linked to partnerships, including integration with Transak.
Meanwhile, XRP is trading at $2.42, up 3.86% from the previous close. Technical analysis suggests a potential breakout, with a target of $2.65. A successful move could see XRP reach $10 by December 2025. (Source: Original Text)
Ripple's application for a national bank charter could further solidify its position. If approved, this would allow Ripple to hold customer deposits and issue RLUSD under federal regulations. This could enhance the stability of its stablecoin offerings.