Ripple Usd is being a great disappointment

Ripple USD (RLUSD) has just exceeded a market capitalization of 300 million dollars for the first time since its launch to the market in December 2024.

Although it is a financial milestone, the reality is that the achievement loses relevance if you take into account the position occupied by the Ripple Labs stable in a niche dominated by giants such as USDT of Tether and USDC of Circle, whose market capitalizations are 148,000 million dollars and 61 billion dollars, respectively.

Within the world of cryptocurrencies, market capitalization is a key indicator to dimension the relevance of a digital asset, since it allows to evaluate its degree of adoption and weight within the market.

The trend becomes even more negative If you take into account that RLUSD occupies the 12th place in the stablcoins categoryaccording to Coinmarketcap data.

To illustrate the expectation generated by RLUSD, Market analyst Adam Cochran came to state that It will mark a before and after in the traditional financial system. However, and despite his enthusiasm, the new Ripple Labs product has practically gone unnoticed so far.

The days after the launch, the analyst had stressed that the stablecoin had the conditions to integrate into the traditional banking structure because it is backed by deposits, short -term treasure bonds and other liquid instruments and has received the approval of the Department of Financial Services of New York (NYDFS).

These characteristics make it an attractive option for banks interested in using cryptocurrency networks to optimize international payments, reduce operational costs and, at the same time, comply with the demanding regulatory frameworks.

Until now, that has not happened and, at this point, it can be said that Rlusd is far from meeting the expectations generated.

One of the obstacles that Rlusd must overcome in the short term is its limited availability in exchanges.

It is currently listed in: Kraken, Uphold, Moonpay, B2C2, Keyrock, Coinmena, Archax, Bitso, JST Digital, Independent Reserve, Bullish, Bitcoin Market (MB), Zero Hash, Revolut and Bitstamp.

Most of these exchanges are unknown to those investors who have been walking in the world of cryptocurrencies for a while.

This stated that, if not ready in large exchanges such as Binance or Coinbase, its growth will be affected.

It is important to note that, even with this step, There is no guarantee of success, since competition and adoption do not depend solely on being in these exchanges.

Thus, if Rlusd fails to hit the table, he will join the unfulfilled promises of Ripple Labs, such as that XRP would be transformed into the “cryptocurrency of the banks” and would compete with Swift, the global interbank payment system.

XRP fans await a rusd rebound

As explained cryptootics, the success or failure of the Ripple Labs stablecoin It has a direct impact on XRP.

This is because Rlusd operates in the Ethereum and XRP Ledger networks, whose native currency is XRP.

That is, if the project thrives and finally meets expectations, there will be an increase in the activity of XRP Ledger and, therefore, XRP demand will increase for the payment of commissions. That could boost the price of Ripple’s cryptocurrency.

Here we must not rule out another scenario: that RLUSD is more used in Ethereum than in XRP Ledger. The ecosystem created by Vitalik Buterin has a greater adoption, more decentralized applications (DAPPS) and a significantly broader user base.

In parallel, it should not be omitted that XRP investors also have their expectations on another front: the launch of the funds quoted in the stock market (ETF) in cash.

Currently, companies such as Canary Capital, 21Shares, Bitwise, Grayscale, Franklin Templeton and Coinshares have submitted applications to the United States Stock Exchange and Securities Commission (SEC) to list these products.

Now, Why is there so much expectation put in the launch of the XRP ETFs? Because the asset will gain greater visibility among institutional investors and that could attract more liquidity to the Ripple ecosystem.

However, there is no guarantees that the launch of an ETF translates into a price rise. Ether’s case is illustrative: since the arrival of its funds quoted in the stock market in July 2024, the asset has shown disappointing performance against Bitcoin (BTC).

To put it in perspective, when ETF debuts debuted, their price was around $ 2,510. Today, the price of the second most valuable cryptocurrency in the market is $ 1,800.