Ripple's Stablecoin Hits $1B Milestone; Company President Discusses M&A Strategy to Fuel Growth

Why It Matters

The rapid rise of RLUSD signals Ripple’s ability to leverage its payments network to capture institutional stablecoin demand, challenging incumbents and diversifying its revenue streams. The acquisition spree strengthens Ripple’s end‑to‑end crypto services, positioning it for broader market penetration and potential regulatory credibility.

Summary

Ripple's RLUSD stablecoin surpassed $1 billion in market capitalization within a year of its December 2024 launch, making it the 10th‑largest U.S. dollar‑backed stablecoin. The token, issued by Ripple’s regulated subsidiary Standard Custody & Trust, splits its supply between Ethereum ($819 million) and the XRP Ledger ($203 million) and is positioned as the primary on‑chain settlement tool for Ripple’s $100 billion payment flow. President Monica Long highlighted that Ripple has doubled its customer base, holds over 75 global licenses, and is pursuing an aggressive M&A strategy, acquiring firms such as Hidden Road, Rail, GTreasury and Palisade to expand its institutional offering. The combined organic growth and acquisitions aim to integrate payments, prime brokerage, and wallet infrastructure under Ripple’s ecosystem.