RLUSD Ascends to New Heights, With Partnerships as Vivid as a Waugh Novel 🎭

by

The titans of banking have entered an unlikely alliance. DBS Bank, Southeast Asia’s financial colossus, has joined hands with the venerable Franklin Templeton and the enigmatic Ripple, in a ritualistic dance featuring tokenized money market funds and a stablecoin known as RLUSD. Naturally, these classic pillars of finance were drawn like moths to this digital flame.

In a turn of events more intertwined than an English winter, Ripple exclaimed this partnership coinciding with RLUSD’s market capitalization peaking in September, like a tipsy aunt slicing the celebratory cake.

Ripple Unfurls New Fashions in the Use of RLUSD as Autumn Leaves Fall

It appears that Ripple, together with DBS and Franklin Templeton, have coated an agreement in the stiff language of lawyers – a memorandum of understanding, pledging troths to introduce trading and lending solutions with the flair of tokenized MMFs and the steadfast Sterling-like RLUSD.

Investors, ever so keen to prove their enterprise, can acquire sgBENJI tokens – an homage to Franklin Templeton’s money market fund – via the DBS Digital Exchange, where RLUSD plays the role of currency. Franklin Templeton, for its edification, is set to tokenize sgBENJI on the XRP Ledger, that venerable tome of Ripple’s public blockchain offerings.

“The year 2025 has been an intriguing theatre, with traditional financial institutions taking prima donna roles between their footlights on-chain.” Nigel Khakoo, Ripple’s genteel VP and Global Head of Trading and Markets, remarked on the thrilling spectacle. “And the grand liaison between Ripple, DBS, and Franklin Templeton to orchestrate repo trades with a tokenized MMF and RLUSD – a mode of exchange that is as stable as an economic manifesto – esteems, I confess, as a most charming game-changer.”

A peek at DefiLlama presents RLUSD in the starring role with a market capitalization applauded to $729 million as of September. A tenfold increase since the dawn of the year, whisper the scribes of Wall Street, setting the stage for a potential ascent over $1 billion pendulum swing. However, compared to the gargantuan visages of USDT’s $170 billion or USDC’s $73 billion, RLUSD remains but a junior partner.

RWA data offers that RLUSD’s cast boasts approximately 36,000 holders, a mere speck – 0.26%, to be exact – within the stablecoin market’s sprawling empire.

As the leaves of September swirled, Ripple, in its continuing tour of partnerships, courted Chipper Cash, VALR, and Yellow Card, to liberate RLUSD across the pulsating markets of Africa. Chainalysis does report that Sub-Saharan Africa rises as the third-fastest crypto-growing region, fueled by robust retail enthusiasm at the first calendared chapter of 2025.

Not to be left off any romantic escapade, Ripple and SBI Holdings penned an accord last month to promenade RLUSD via the corridors of SBI VC Trade platform. Nature dictates – or rather, financial strategy – that these alliances amplify Ripple’s crusade to globalize RLUSD adoption.

Surely, with such a theatrical ensemble of developments, RLUSD’s promise of growth glimmers as tantalizingly as a chimera in a moonlit maquis.

Read More

2025-09-18 10:52