Ripple Stablecoin’s $300M Surge Leaves Bankers Jealous—Is RLUSD the Next Great Drama?

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Once, in a grey city probably resembling Taganrog, word arrived that Ripple’s prized stablecoin, RLUSD, had triumphantly crossed the $300 million threshold. The townsfolk (and a passionate assortment of telegram groups) cradled their samovars in awe—what an achievement! “Backed one to one with the good old American dollar,” muttered Uncle Vasya, “and yet somehow it’s worth more—$317.05 million! Imagine buying potatoes with *that*.” 🥔🤑

RLUSD Hits a Target—But Was Anyone Watching?

RLUSD, not knowing the meaning of “modesty,” has paraded past $317 million in market cap. Some say its $1 peg is as firm as Maria Ivanovna’s handshake after three cups of tea, and about as prone to drama as her son-in-law’s marriage. According to CoinMarketCap—a name that calls to mind a very complicated abacus—RLUSD now sits at 12th among stablecoins, outpacing cousins who’ve aged considerably in the market’s cheap barber chairs.

A 12.08% volume-to-market-cap ratio whispers of healthy activity (or perhaps just excitable speculators), which, as everyone knows, is vital for keeping the neighbors jealous yet unwilling to congratulate you.

Ripple, watching its RLUSD strut, busies itself with attempts to introduce the coin to more platforms—an ambitious mother-in-law matchmaking at a provincial dance.

Adoption: The Most Fashionable Season

Unlike the bread in Dmitri’s cupboard during Lent, RLUSD’s supply has no cap. With the agility of a well-fed cat, Ripple produces coins as demand sees fit, vowing always to maintain that dignified peg to the dollar (which has often been rumored to wobble after midnight). Aave, perhaps after strong tea, integrated RLUSD into its V3 Ethereum Core market, setting lending and borrowing limits that would make a Kremlin bureaucrat blush: $50 million, $5 million respectively 🤷.

According to IntoTheBlock, RLUSD climbed to new heights shortly after joining Aave, the way Uncle Kolya’s hat mysteriously appears at the front of every village photo.

With swelling adoption, developers dream (over unpolished vodka) of spreading RLUSD across the XRP Ledger, unleashing DeFi applications upon a world not quite ready for their earnestness. DeFi platforms drool for RLUSD, hoping it will make XRP’s utility as abundant as babushka’s pickled cucumbers. Oh, and twelve million RLUSD tokens were burnt last week—not to warm anyone’s house, but according to Coingape, simply for “demand boosting.” 🔥

Ripple—Menacing Dreams and Coffee-Stained Predictions

Amidst all this hubbub, Ripple’s grand strategy comes into focus—the sort of focus one gets at three in the morning after a bottle of port. Their CEO, Brad Garlinghouse, predicts RLUSD will be a top-five stablecoin by 2025 “in this fast-evolving market.” Vanya, the postman, remains suspicious. Still, industry seers project the stablecoin sector to balloon to $2.8 trillion by 2030. “Room for growth,” they say, as if peering into the village’s only empty barn.

Tokenization—a word that means something very exciting to people who wear waistcoats—may swell to $16 trillion. RLUSD plans to tag along, perhaps climbing as inelegantly as a dog up a muddy embankment toward new milestones.

XRP: An Old Friend Struts Onto the Stage

RLUSD’s uptick coincided with a renewed appreciation for that perennial crabapple, XRP. In April 2025, XRP rose by 10%. Some called it a “reversal of a three-year curse,” others just wanted their lost rubles back. Ripple’s market cap now sits at $133 billion—breathing oniony, suspicious air on USDT’s $148 billion, with the sort of ambition one only dares mention at family suppers.

Elsewhere, the SEC continues its Shakespearean dithering, endlessly pondering Franklin Templeton’s spot XRP ETF proposal. ProShares, in an unexpected cliffhanger conclusion, said it would not launch an XRP ETF on April 30—presumably after the office cat ate their paperwork.

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2025-04-29 22:45