Ripple's CEO, Brad Garlinghouse, succeeded in achieving a bold prediction he made earlier regarding the stablecoin RLUSD, after it became one of the top five stablecoins linked to the dollar within just one year, which led him to celebrate this achievement on platform X.
Garlinghouse had stated in a previous interview that RLUSD would make the list of the top five stable digital currencies before the end of the year, at a time when the currency was relatively new and had a limited market value that did not exceed about 170 million dollars in early 2025.
At that time, this expectation was met with widespread skepticism, especially in a market dominated by major stablecoins such as USDT and USDC.
After the beta launch in December 2024, RLUSD began a cautious growth to test the integration between the XRP Ledger network and Ethereum, then expansion accelerated in mid-2025 with the joining of partners such as 'Uphold' and 'Bitstamp' and 'Keyrock'.
By October 2025, the market capitalization rose to nearly 900 million dollars.
In a short period between late October and early December 2025, about 400 million new units of RLUSD were issued, representing an increase of nearly 45% in supply in less than two months, solidifying the currency's position among the top five dollar-pegged stablecoins.
This success, according to observers, is attributed to RLUSD's focus on regulatory compliance and strict standards, as Ripple received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, alongside its licensing from the New York State Department of Financial Services.
The Bank of New York (BNY) was also chosen for reserve custody, with 'Deloitte' providing independent audit reports, enhancing trust and transparency and attracting clients from major institutions.
