Cryptocurrency exchange Gemini has listed Ripple's RLUSD stablecoin, enabling trading, deposits and withdrawals on its platform, triggering a 63.7% surge in the stablecoin's trading volume. The listing marks another significant step in the global adoption of RLUSD as it joins the ranks of major exchanges supporting the relatively new digital asset.
What to Know:
- RLUSD's 24-hour trading volume jumped to over $52 million following the Gemini announcement
- The stablecoin's market capitalization has grown 338.6% since early 2025, now reaching $317 million
- Industry forecasts project overall stablecoin market capitalization could reach $2-3.7 trillion by 2028-2030
Gemini announced the listing on Tuesday, stating: "RLUSD is now available for trading on Gemini. Deposits and withdrawals are enabled. Buy, sell, and store today." The exchange joins Bitstamp and Kraken, which added support for the stablecoin in January and April, respectively.
The listing had an immediate impact on market activity. Following the announcement, RLUSD's 24-hour trading volume climbed past $52 million, representing a 63.7% increase from the previous day, according to data from cryptocurrency tracking site CoinGecko.
This double-digit rise reflects growing market confidence in Ripple's stablecoin offering. RLUSD has been steadily gaining traction in cryptocurrency markets since its launch in late 2024.
The stablecoin's growth trajectory has been particularly noteworthy in recent months. Its market capitalization has expanded by 338.6% since January, now standing at $317 million according to the latest available data. While this figure remains modest compared to industry leaders like Tether (USDT) and USD Coin (USDC), market analysts express optimism about RLUSD's future prospects.
An industry observer noted on social media: "Ripple's RLUSD stablecoin has exploded since launch, now pushing over $860 million in monthly volume. It's fully backed, built on the XRP Ledger and Ethereum, and already integrated into Ripple Payments."
Expanding Use Cases and Market Projections
Market watchers believe RLUSD's adoption as collateral across Hidden Road's prime brokerage products will likely generate substantial additional demand. Ripple has also committed $25 million in RLUSD to U.S. public education initiatives, potentially driving further real-world utility and adoption.
The stablecoin, which operates on both the XRP Ledger and Ethereum networks, has been designed with compliance, scalability and cross-border transactions in mind. These features align with growing institutional interest in regulated digital assets that can facilitate efficient international payments.
Kraken, Bitstamp and LMAX Digital have all incorporated the stablecoin into their trading platforms in recent months, expanding access for both retail and institutional investors. Industry analysts suggest this rapid exchange adoption indicates confidence in both the technical architecture and regulatory standing of the asset.
RLUSD's growth comes amid broader expansion predictions for the entire stablecoin ecosystem. The U.S. Treasury has forecast that the total stablecoin market capitalization could reach $2 trillion by 2028, while Citigroup projects an even more ambitious figure of $3.7 trillion by 2030.
These projections suggest favorable conditions for continued RLUSD adoption as the overall demand for stablecoins increases across both speculative and practical use cases. The asset's integration with Ripple's existing payment infrastructure provides additional utility beyond cryptocurrency trading markets.
Closing Thoughts
As RLUSD continues to gain exchange listings and expand its market presence, it reflects the growing maturity of Ripple's stablecoin strategy. With transaction volumes rising and market capitalization growing at triple-digit rates, RLUSD demonstrates how traditional finance and blockchain technology continue to converge through regulated, utility-focused digital assets.