RLUSD, Ripple and Market Cap: Decode $10 billion claims
Jul 02, 2025 pm 09:03 PMRipple's RLUSD Stablecoin has attracted attention due to the rumored disparity between $10 billion in daily trading volume and market capitalization. Is this true or false? Let's find out!
RLUSD, Ripple and Market Value: Revealing the Say of $10 billion in Trading Volume
Ripple's stablecoin RLUSD has sparked heated discussions due to its claimed huge trading volume, but will its market value support this number? Let’s analyze it together.
Amazing data: Average daily $10 billion?
Reece Merrick, general manager of Ripple's Middle East and Africa, made the crypto circle burst. He mentioned that RLUSD's daily trading volume is as high as US$10 billion, which means that the annual trading volume will exceed US$3.65 trillion! But is this number really credible?
Market value and trading volume: Is there any contradiction?
The key to the problem lies in real data. According to CoinMarketCap, RLUSD's current market capitalization is only about $455 million, while its actual daily trading volume is about $22 million. This huge gap has aroused doubts. Can a stablecoin with a low market value really carry such a huge transaction traffic?
Use USDT as a reference
Crypto analyst "VET" (veterinary) participated in the discussion and compared RLUSD to Tether (USDT). USDT currently has a market value of US$158 billion and a daily trading volume of approximately US$56.6 billion, showing a trend of matching market value with trading volume. So the community began to speculate whether Merrick mistakenly called "millions of dollars" as "billions of dollars."
Ripple's response and RLUSD's development prospects
Although Ripple has not formally responded to the issue of trading volume and market capitalization, it is important to note that RLUSD itself is still in its early stages. The stablecoin was launched last year with the goal of improving cross-border payment efficiency. At the same time, Ripple is actively promoting the Ethereum Virtual Machine (EVM) compatible sidechain project on XRP Ledger (XRPL). This move will support EVM-based application deployment, enhance interoperability of the multi-chain DeFi ecosystem, and adopt XRP as a native Gas token.
Conclusion: True or exaggerated?
There is no conclusion on whether RLUSD has actually achieved a daily transaction volume of US$10 billion. This may be an input error or a prediction of future growth. However, it is certain that RLUSD has successfully attracted the attention of the market. Will it ultimately achieve the expected transaction scale, or will it become an unsolved mystery in the crypto field? Let's wait and see.
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