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Ripple’s RLUSD stablecoin has reached a $1.2 billion market cap three weeks after launch, driven by deployment across both Ethereum and the XRP Ledger, according to Token Terminal data.
The multi-chain strategy has enabled RLUSD to integrate with major platforms including Gemini for card settlements, marking one of the fastest initial growth periods for a new stablecoin in 2024.
RLUSD market cap continues to generate buzz as fresh analytics confirm that its multi-chain rollout is the primary reason behind the stablecoin’s rapid acceleration.
According to data from Token Terminal, the RLUSD market cap recently surpassed $1.2 billion, a figure analysts say is just the beginning of a much larger move.
Crypto analyst Wendy O praised Ripple’s decision to deploy RLUSD on both XRPL and Ethereum, calling the move a prudent, forward-thinking strategy that other crypto giants should be paying close attention to.
She added, She industry is shifting toward multi-chain adoption, and Ripple understood that earlier than most.
Her analysis echoes a sentiment gaining momentum across the ecosystem: stablecoins that remain locked into a single chain risk becoming obsolete.
Crypto lawyer Bill Morgan backed Wendy O’s assessment, warning that platforms ignoring the multi-chain future will encounter major challenges and possibly fade out.
He emphasized via X on Dec. 7: Anyone who fails to recognize the importance of multi-chain expansion will get stuck. The next wave of stablecoin innovation depends on it.
Morgan pointed directly to the RLUSD market cap boom as evidence. Ripple’s recent partnership with Gemini, enabling RLUSD-powered card settlements, has been instrumental in propelling the stablecoin’s adoption—an upgrade made possible only through its multi-chain architecture.
Ripple’s decision to launch RLUSD on Ethereum opened access to deep liquidity pools and leading DeFi platforms.
Meanwhile, its presence on XRPL ensures unmatched speed and low transaction costs—benefits that analysts say have helped the RLUSD market cap surge well ahead of expectations.
Moreover, RLUSD’s approval in global markets such as Abu Dhabi represents a breakthrough milestone, positioning it as a rising force in regulated financial environments.
The growth of RLUSD comes as Ripple CTO David Schwartz takes a more hands-on role in the XRPL’s core infrastructure.
Schwartz told reporters that he created a dedicated XRPL megahub to monitor the network’s operation closely and address validator-related delays.
He explained: A robust megahub can significantly reduce performance issues and strengthen network reliability.
Schwartz also pointed to XRPL’s new MPT standard, a critical tool for tokenizing real-world assets, as a transformative piece of infrastructure designed to support future expansions—potentially adding more fuel to the rising RLUSD market cap.
Industry observers now believe RLUSD is becoming the flagship example of why multi-chain stablecoins will dominate the next era of digital finance.
Its accelerating adoption highlights a growing consensus: digital assets must operate across multiple networks to unlock global reach, improve liquidity, and enhance utility.
With Ripple expected to expand RLUSD to additional chains in 2025, analysts predict that the RLUSD market cap could soon hit new all-time highs—cementing it as one of the most influential stablecoins shaping the crypto economy.
As the RLUSD market cap accelerates toward new highs, Ripple’s multi-chain strategy is sending a loud message across the industry: adaptability is survival.
With analysts, lawyers, and markets aligned behind its explosive rise, RLUSD now stands at the forefront of a rapidly evolving stablecoin landscape—one that rewards innovation and punishes stagnation.
