Ethereum’s RLUSD Stablecoin Mints 10 Million-Bankers, Bluechips, and a Dash of Sarcasm

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Ah, Tuesday-a day of little consequence in the village, but, somewhere far away in the pulsating world of finance, 10 million RLUSD tokens were forged on the Ethereum blockchain. The middle-aged clerk at Ripple’s Stablecoin Tracker raised his eyebrow imperceptibly, then went back to his tea; a big day for the ledger, perhaps, but not enough to disturb his afternoon nap.

The market capitalization of RLUSD now creaks bravely past $600 million. The ruble’s ghost, presumably, chuckled somewhere.

Recent RLUSD developments

Word drifts in from U.Today: RLUSD, last seen being caressed by Bluechip’s rating quill, has been crowned the “most trusted stablecoin.” Bluechip is, of course, an independent rating agency and not at all just three students and a cat with an Excel spreadsheet.

The ancient Bank of New York Mellon-established, incidentally, well before the lightbulb-has now agreed to babysit RLUSD. One imagines somber men with spectacles and stiff collars, nodding gravely over memos: “We have checked on your little stablecoin-he is quite healthy. Still teething, though.”

Meanwhile, Doppler Finance, whose claim to fame is being “the first XRPfi protocol” (no, I don’t know what that means either), rolled out a Ripple USD vault, letting you earn more tokens by… putting your tokens in a vault. Ah, financial innovation, also known as ‘Piggy Bank 3.0’ 🐖.

Will RLUSD reach top 5?

RLUSD, now sprinting past Zcash (ZEC)-which, like most forgotten things, sits quietly in the regulatory attic-stands poised to enter the top 100. Team Ripple, perhaps emboldened by a glass or two of something strong, publicly declared that RLUSD would one day reach the fabled “top 5” stablecoins. Such boldness! Such unchecked optimism!

Alas, the dream is a distant one. The numbers-so stark, so unyielding-reveal that to reach the promised land, RLUSD would need billions in market cap and the sort of audience typically reserved for world cup finals or Taylor Swift concerts.

With less than five months until the year’s end, RLUSD isn’t even in the top 15, per CoinGecko’s ever-watchful tally. It must content itself with gazing longingly at the backs of Stable Labs (USDX), Tether Gold (XAUT), and PayPal’s PYUSD, which-unlike my father’s retirement plan-is actually approaching a billion dollars. 📈

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2025-08-05 21:25