Ripple's RLUSD Stablecoin Targets $13 Trillion Corporate Treasury Market
Ripple aims to establish its RLUSD stablecoin as a key settlement layer for corporate treasury functions, focusing on a network that handles $13 trillion in annual transactions. Jack McDonald, the senior vice president of stablecoins at Ripple, highlighted this potential, which is associated with Ripple Treasury, formed following the $1 billion acquisition of GTreasury in 2025. As of September 3, 2026, RLUSD has around $2.4 billion in circulation, still modest compared to Tether's USDT and Circle's USDC. This year, daily transactions of RLUSD have surged to $750 million. Additionally, Ripple is introducing RLUSD in Europe under a dual-issuance model that adheres to the EU's MiCA regulations, having secured a full Electronic Money Institution license from Luxembourg in February.
Key facts
- Ripple is targeting corporate treasury operations as a growth channel for its RLUSD stablecoin
- Ripple Treasury customers collectively handle roughly $13 trillion in transactions each year
- Ripple acquired GTreasury in 2025 for $1 billion
- RLUSD had approximately $2.4 billion in circulation as of Sept. 3, 2026
- Daily RLUSD activity reached roughly $750 million last month, up from about $200 million at the start of the year
- Ripple received a full Electronic Money Institution license from Luxembourg in February
- Ripple later obtained full MiCA authorization as a Crypto Asset Service Provider
- RLUSD launched on the XRP Ledger and Ethereum and expanded to Base, Ink, Optimism and Unichain
- Ripple Treasury launched a treasury management system with native digital-asset capabilities in April
- Ripple said its treasury platform facilitated $13 trillion in payments volume in 2025
Entities
Artists
- Jack McDonald
Institutions
- Ripple
- RLUSD
- CoinDesk
- GTreasury
- Ripple Treasury
- Tether
- USDT
- Circle
- USDC
- XRP Ledger
- Ethereum
- Token Terminal
- Franklin Templeton
- DBS
- Ripple Prime
- Hidden Road
- Base
- Ink
- Optimism
- Unichain
- NFT Plazas
- CoinMarketCap
- TradingView
Locations
- Luxembourg
- Europe
- European Economic Area
Sources
- NFT Plazas —
- NFT Plazas —