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$RLUSD, the stablecoin launched by Ripple Labs in December 2024, is currently gaining momentum in the crypto rankings. $RLUSD is currently ranked the 74th crypto by market cap, which places its value at more than $898 million.
$RLUSD outpaces optimism in crypto rankings
Following its surge in market cap, $RLUSD has outpaced Optimism (OP). According to CoinMarketCap data, OP currently has a market cap of $763.1 million, far less than that of $RLUSD by over $100 million.
The recent $RLUSD market cap surge aligns with a slight rebound on the daily and weekly charts. Over the past 24 hours, $RLUSD surged 0.02%, and 0.01% over the past week.
Likewise, the value of OP token surged 0.06% over the previous day to $0.4306. However, the token is down 5.23% on the weekly charts. With a market cap of $763.1 million, OP is currently ranked 81st on the crypto rankings.
For stablecoins like $RLUSD, growth comes mainly from increased issuance and adoption, not price appreciation. In contrast, the market cap of OP largely depends on its price, which can drop during bearish markets.
$RLUSD 2025 milestones
Crucially, $RLUSD has seen outstanding growth this year, with some key milestones.
The rapid $RLUSD growth through institutional adoption is largely attributed to the expansion of Ripple's payments business in 2025. This has boosted demand, and the overall stablecoin sector surpassed $300 billion.
One key milestone recorded by $RLUSD this year is its inclusion among the top 100 cryptocurrencies by market ranking. This move highlights a breakout for the stablecoin, which launched less than one year ago.
The Ripple stablecoin also secured key partnerships and debuted on top exchanges this year.
In September, Bybit exchange listed $RLUSD on its platform, featuring such trading pairs as BTC/$RLUSD, ETH/$RLUSD, XRP/$RLUSD and MNT/$RLUSD.
Furthermore, global auditing firm Deloitte & Touche LLP validated $RLUSD’s August attestation report. This action demonstrated that the stablecoin is complying with regulations.
Ripple President Monica Long also highlighted other positive developments. This includes a partnership between Ripple with DBS and Franklin Templeton.
Through this partnership, DBS and Franklin Templeton aim to use $RLUSD as a liquid and stable exchange for tokenized assets for trading and lending solutions.