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Ripple USD stablecoin is nearing a $900 million market cap; this, among other milestones, was recently shared by SVP, Stablecoins at Ripple, Jack McDonald in a recent tweet.
According to CoinMarketCap data, Ripple USD, $RLUSD, stablecoin's market cap is $897.97 million, about $3 million away from $900 million, and ranks as the 75th largest cryptocurrency.
$RLUSD October monthly independent attestation is live! Some recent updates:
— Jack McDonald (@_JackMcDonald_) October 29, 2025
• $RLUSD is nearing $900M in market cap 🚀
• Funding over $1.5M in renewed UBRI grants entirely in Ripple USD
• @brale_xyz has integrated on $XRP for stablecoin issuance. Now, businesses can issue…
McDonald also revealed other market milestones for $RLUSD, which included being utilized to fund UBRI grants. This week, Ripple announced a new era as the University Blockchain Research Initiative expands academic commitment with three powerful moves, including $RLUSD innovation, with funding of over $1.5 million in renewed UBRI grants to be given entirely in Ripple USD stablecoin.
The Ripple executive, who is the CEO of Standard Custody, also revealed that $RLUSD's monthly independent attestation for October was live.
Other milestones
In October, Brale announced its integration with $XRP Ledger for stablecoin issuance, allowing businesses to issue USD-backed stablecoins and settle in $RLUSD.
Ripple also announced the completion of its acquisition of prime brokerage Hidden Road, now known as Ripple Prime, with its customers already using $RLUSD as collateral or holding their balances in $RLUSD.
Ripple Prime is anticipated to significantly enhance the utility and reach of Ripple’s stablecoin, $RLUSD.
According to the recently released State of $XRP Ledger Q3, 2025, by Messari, $RLUSD closed Q3 with a combined market cap of $789.3 million on the XRPL and Ethereum. $RLUSD ended Q3 with a market cap of $88.8 million on the XRPL, a 34.7% quarterly increase, making it the network’s largest stablecoin.