RLUSD Market Cap Tops $1.38B as Ripple Secures Institutional Partners; XRP Lags

Beincrypto reports Ripple’s US dollar-backed stablecoin RLUSD has surged to a new all-time high, with market capitalization exceeding $1.38 billion after a series of institutional partnerships and regulatory approvals.

DefiLlama data show RLUSD added about $125 million since late November 2025. Recent developments include a multi-year integration with LMAX Group that will make RLUSD core collateral across the exchange’s institutional trading infrastructure, a $150 million financing commitment supporting LMAX’s cross-asset growth, and Interactive Brokers enabling eligible clients to fund accounts with the stablecoin. Other institutional adopters named include DBS, Franklin Templeton and SBI Holdings, while regulators such as the Abu Dhabi FSRA and a preliminary European EMI nod in Luxembourg have supported RLUSD’s institutional use; Ripple is said to hold 75+ regulatory licenses.

Despite RLUSD’s expansion, nearly 76% of its supply sits on Ethereum rather than the XRP Ledger, which limits direct utility or revenue for XRP holders and has sparked debate in the community; RLUSD growth has largely bypassed XRPL demand. As of this writing, XRP was trading at $2.08, down by over 1% in the last 24 hours, while RLUSD’s integrations and approvals position the stablecoin for further institutional adoption.

Key Topics

Crypto, Rlusd, Ripple, Xrp, Lmax Group, Interactive Brokers