The ongoing market volatility hasn’t spared the stablecoin sector, which has seen roughly $8 billion wiped from its market cap. This may be evidence that liquidity reserves, or “dry powder,” are tightening as risk appetite falls.
And yet, looking at how stablecoin firms are positioning themselves, it’s clear they view the slide as a temporary blip. Bo Hines, CEO of Tether’s U.S. arm, revealed plans to push Tether into the top 10 U.S. Treasury holders.
That’s notable since 83.11% of Tether’s reserves are in T-bills, making them a key source of revenue. Pushing further into this area, therefore, sends a clear signal that Tether might be gearing up for stronger demand ahead.
Source: Tether
Alas, it doesn’t stop with Tether. Circle has been minting USDC on Solana [SOL], a move analysts see as a strategic step towards turning the network into a Visa-scale settlement layer, thereby boosting stablecoin utility.
In short, the 2025 cycle, when the stablecoin market surged by 50%, laid the foundation for mainstream adoption. Therefore, the moves by Tether and Circle make sense, as both firms are positioning to meet rising demand.
Following a similar path, Ripple’s RLUSD stablecoin is starting to make waves too. While USDT is down 1.5%, RLUSD has rallied by 14%, showing that Ripple may not be far behind in executing its own strategic plays.
Binance integrates RLUSD stablecoin on XRPL
Looking at key metrics, it’s clear that RLUSD is gaining momentum.
In the first two months of 2026, RLUSD’s market cap reached a record $1.5 billion. This surge buildt on the token’s 2,300% rally in 2025, further cementing its position as a major player in the stablecoin ecosystem.
Meanwhile, according to Token Terminal, RLUSD on Ethereum [ETH] has grown to $1.2 billion in supply – Marking roughly a 10x increase year-over-year. Such a hike only further highlights its growing role across multiple networks.
Source: Token Terminal
Building on this momentum, Binance has completed the integration of RLUSD on the XRP Ledger [XRPL]. This has given Ripple’s stablecoin a significant boost by making it more accessible for trading across multiple blockchain.
Taken together, RLUSD’s market growth, its supply on ETH, and now its integration with Binance show that Ripple is going “multi-chain.” By spreading its stablecoin across L1s, Ripple is aiming to reach more users.
According to AMBCrypto, the timing is key.
With players like Tether and Circle expanding their reserves, Ripple’s move positions RLUSD to compete head-to-head in the stablecoin space. This is also a sign that it is ready to play a major role in the next wave of adoption.
Final Thoughts
- With strong market growth, growing supply on Ethereum, and Binance integration, Ripple is expanding RLUSD’s reach across multiple networks.
- Amid Tether and Circle making strategic moves, RLUSD is now set to compete in the space too.