RLUSD: Ripple’s Stablecoin Crashes the Retail Party? 😏

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Ripple USD, that stablecoin from the XRP folks, was all like, “I’m only for the big shots in suits,” but now it’s basically gatecrashing the retail scene. Who knew stability could be so… unpredictable? 😂

Ripple rolled out RLUSD in late 2024, with CEO Brad Garlinghouse bragging about its enterprise vibe, trying to one-up those retail-obsessed competitors. As if stability coins need an ego boost. 🙄

But hold on, it’s popping up in self-custodial wallets like Xaman and hooking up with platforms such as Transak. So much for staying exclusive—it’s like RLUSD said, “Screw it, I’m going viral.” 🌐

“Look, RLUSD started with that enterprise schtick because XRPL is fast, cheap, and decisive—like a no-nonsense date. But now it’s got retail charm too,” Xaman’s COO Robert Kiuru spilled to CryptoMoon. Tea is served. ☕

Controversy over RLUSD’s enterprise focus

Rumors about RLUSD were buzzing way before its big reveal in December 2024. Garlinghouse called it the “gold standard for enterprise” back in October, and CTO David Schwartz was all, “This is for institutions only, peasants.” Drama much? 😤

When it finally dropped on Dec. 16, no retail love was mentioned—just shoutouts to fancy platforms like Uphold and Bitso. Because nothing says “exclusive” like a stablecoin that’s everywhere. 🤷‍♀️

RLUSD is a direct competitor to Circle’s USDC

“Oh, RLUSD was built for the big leagues,” Transak’s marketing head Harshit Gangwar told CryptoMoon. “But hey, it’s flexible enough for anyone to jump in.” Translation: It’s playing both sides, and who’s complaining? 💸

Huma Finance’s co-founder Erbil Karaman summed it up: RLUSD’s just another stablecoin now, duking it out with USDC in every corner. “Who cares about the hype? It’s all about what sticks, and RLUSD’s sticking like gum on a shoe.” Cheeky, but true. 👟

“This evolution underscores a simple truth; what matters isn’t who issues a stablecoin or what it’s initially marketed for; it’s what it actually becomes useful for, and that only becomes clear after launch.”

Most RLUSD is issued on the EVM sidechain, but holders prefer XRPL

Xaman’s Kiuru pointed out the irony: 88% of RLUSD’s $557 million is minted on the EVM sidechain, but get this—91% of the 34,160 users are chilling on XRPL. It’s like everyone says they’re into fancy tech, but they just want the comfy couch. 🛋️

“Ripple’s still pushing the enterprise angle because XRPL’s always been that reliable workhorse,” Kiuru added. “But if retail’s hopping on board? Bonus points. Not changing the branding, though—who needs evolution when you’ve got tradition?” 😏

CryptoMoon tried hitting up Ripple for thoughts on this retail takeover, but crickets. Guess they’re too busy counting their coins. Or hiding. 🤐

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2025-07-25 14:54