XRP issuer Ripple sees its RLUSD stablecoin grow among retail users
Although some Ripple executives initially suggested that RLUSD might be limited to institutional use, the stablecoin is gaining traction in retail.
Ripple USD, a stablecoin issued by XRP coin issuer Ripple, was initially marketed as an “enterprise-focused” stablecoin but has since gained traction among retail users.
Ripple officially introduced its Ripple USD (RLUSD) stablecoin in late 2024, with CEO Brad Garlinghouse highlighting its institutional focus, setting RLUSD apart from competitors primarily focused on retail use.
Still, with increasing RLUSD adoption by self-custodial wallets like Xaman and integrations with platforms like Transak, RLUSD appears to be expanding beyond enterprise use.