This was the second most significant growth in supply among stablecoins with over $500 million in supply growth, lagging only Ethena Labs’ USDe, which grew 63.4% in the same period.
RLUSD has been in a strong growth trend since May, nearly doubling its supply as of July 31. The stablecoin’s market cap jumped from $309 million to $455.3 million between May and June, an over 47% increase. In August alone, it had already grown 3%.
Furthermore, RLUSD surpassed $11 billion in cumulative transfer volume in 2025. The stablecoin registered a new monthly all-time high in July, with $3.3 billion in volume across different venues, an amount 27% larger than June.
Notably, RLUSD has never dipped below $1 billion in monthly trading volume since April, when it crossed this threshold for the first time by registering $1.8 billion in volume.
The growth occurred in the same month that Ripple made efforts to increase RLUSD’s market share.
At the same time, Ripple is reportedly advancing a significant entry into the European market by making RLUSD MiCA-compliant, anchoring the effort with a strategic base in Luxembourg.
