Ripple's RLUSD Stablecoin Surpasses $700 Million Market Cap Amid Key Institutional Integrations

Singapore, September 24, 2025 – Ripple USD (RLUSD), an enterprise-grade stablecoin, has surpassed a $700 million market capitalization and is expanding its utility through significant partnerships with major financial institutions. These collaborations position RLUSD as a liquid, stable, and compliant exchange mechanism for tokenized assets in both lending and trading, as well as a crucial off-ramp for leading tokenized funds.

Last week, DBS, Franklin Templeton, and Ripple announced a partnership to deliver innovative trading and lending solutions for accredited and institutional investors. This initiative leverages tokenized money market funds on the XRP Ledger blockchain, with DBS Digital Exchange (DDEx) listing Franklin Templeton’s sgBENJI token alongside RLUSD. The integration allows eligible DBS clients to trade RLUSD for sgBENJI, enabling portfolio rebalancing and yield earning within minutes, a significant improvement over traditional two-day settlements.

DBS plans to further explore enabling sgBENJI tokens to be used as collateral for credit from the bank or third-party platforms, with DBS acting as an agent holding the collateral. This move aims to unlock liquidity and provide peace of mind to clients, ensuring pledged collateral is held by a trusted banking partner. Franklin Templeton will issue sgBENJI on the XRP Ledger, chosen for its speed, efficiency, and low transaction costs.

This week, Securitize, a real-world asset firm, added RLUSD as a new off-ramp for BlackRock’s BUIDL and VanEck’s VBILL tokenized funds. This integration allows holders of these tokenized treasury funds to exchange their shares for RLUSD, providing an additional stablecoin off-ramp for instant liquidity and on-chain transactions. BlackRock’s BUIDL and VanEck’s VBILL represent the firms’ first tokenized funds issued on public blockchains.

Ripple President Monica Long highlighted these developments, stating, > "Last week we announced DBS and Franklin Templeton using $RLUSD as a liquid, stable and compliant exchange mechanism for tokenized assets in lending and trading use cases. This week, @Securitize added RLUSD as a new offramp for BlackRock and VanEck’s tokenized funds. 📈"

RLUSD, launched in December 2024, is issued under a New York Department of Financial Services (NYDFS) Trust Company Charter, emphasizing its commitment to regulatory compliance. The stablecoin is backed 1:1 by high-quality liquid assets, including cash and short-term government securities, with monthly third-party attestations ensuring transparency. These institutional adoptions underscore RLUSD's growing role in bridging traditional finance with the digital asset economy.