Ripple’s RLUSD stablecoin market cap grows $229M in 30 days

Ripple’s RLUSD stablecoin added $229 million in market capitalization over the past 30 days, pushing its total valuation higher even as the broader crypto market stayed flat. The expansion was driven largely by a small number of large mint events, leaving the token’s supply concentrated and sensitive to whale activity. RLUSD’s growth positions it as a potential challenger in stablecoin markets long dominated by Tether’s USDT and Circle’s USDC, though its current scale remains far below those incumbents. The reliance on bulk issuance rather than steady organic demand is the key risk to watch, since a pause in large mints could stall momentum. Next, observers will track whether RLUSD sustains inflows through smaller, recurring mints and expands its on-chain presence beyond Ripple’s core payment corridors.