# Ripple’s RLUSD Stablecoin Surges Past $500M Supply

*Author: Bankless*
*Published: Jul 9, 2025*
*Source: https://www.bankless.com/read/ripples-rlusd-stablecoin-surges-past-500m-supply*

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Ripple’s RLUSD stablecoin has crossed $500 million in circulating supply just seven months after launch, signaling rapid adoption as the company deepens its push into regulated finance.

**What’s the Scoop?**

- **Fast Growth:** RLUSD, launched in December 2024, now ranks among the top 20 U.S. dollar stablecoins with ~$26M in daily volume, per CoinGecko.
- **Dual-Chain Issuance:** The stablecoin is minted on both the XRP Ledger and Ethereum.
- **Bank Charter Ambitions:** Ripple is seeking a U.S. national trust-bank charter, which would allow it to issue RLUSD under federal banking rules and hold customer deposits directly.
- **Competitive Landscape:** USDC issuer Circle is also pursuing a similar license, aiming to strengthen its role as a federally supervised crypto-native bank.