RLUSD Expands to 20M Merchants in Race Against $55B USDC

RLUSD is now integrated into AEON Pay, giving access to over 20 million merchants worldwide. AEON Pay supports mobile-based payments...

Written by: Arslan Butt • Thursday, June 26, 2025 • 1 min read

• Last updated: Thursday, June 26, 2025

Quick overview

RLUSD is now integrated into AEON Pay, providing access to over 20 million merchants globally.
The stablecoin has seen significant institutional adoption, being integrated into platforms like Ripple Payments and Kraken.
With a market cap nearing $500 million, RLUSD is rapidly growing and positioning itself as a competitor to USDC.
Analysts suggest RLUSD's ongoing integrations and institutional support indicate strong potential for future growth.

RLUSD is now integrated into AEON Pay, giving access to over 20 million merchants worldwide. AEON Pay supports mobile-based payments via Telegram, Bitget and TokenPocket.

This is one of the largest integrations for RLUSD to date, putting it in direct competition with USDC.

RLUSD Sees Growing Institutional Adoption

Since launch RLUSD has seen traction on various financial and retail platforms. It was first integrated into Ripple’s own cross-border transaction suite, Ripple Payments and debuted on Kraken to strong demand.

AEON is the latest to adopt RLUSD:

Alchemy Pay: Added RLUSD to its fiat-to-crypto on-ramp infrastructure
Bitget Exchange: Enabled RLUSD trading and payments
TokenPocket Wallet: RLUSD compatibility for mobile users
Telegram via AEON Pay: Mobile-native access to stablecoin transactions

Ripple’s focus on regulatory compliance and enterprise utility has made RLUSD a favorite among institutions. AEON said RLUSD aligns with enterprise-grade payment standards, offering liquidity, transparency and on-chain settlement.

RLUSD Market Cap Nears $500M as Competition Grows

Despite being a new player, RLUSD is moving fast. As of June 2025, its market cap is $428.7 million, 14th largest stablecoin globally. USDC is the largest with a circulating supply of over $55 billion, thanks to integrations with Shopify and support from big fintechs.

RLUSD hasn’t reached USDC’s scale yet, but analysts say its growth suggests strong potential. With more integrations, institutional support and growing developer interest, RLUSD is poised to challenge the stablecoin hierarchy.

TL;DR

20 million merchants
Telegram, Bitget, TokenPocket
$428.7M
USDC $55B As the regulatory landscape clears and payment rails develop, RLUSD could be the one to watch as Ripple ramps up enterprise adoption.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.