Ripple's RLUSD stablecoin has surpassed a $500 million market capitalization within seven months of its launch, marking rapid growth and adoption in the stablecoin sector. The circulating supply of RLUSD reached approximately $500 million, with a daily trading volume of around $26 million according to CoinGecko data. This growth has propelled RLUSD into the top 20 USD stablecoins by total supply. In June alone, RLUSD experienced a 63% increase and processed over $1.8 billion in trading volume. The market cap climbed further to over $515 million by mid-July, driven in part by a banking partnership and other strategic activations. Ripple is also pursuing a U.S. bank charter to compete with USD Coin (USDC) under federal regulation. Concurrently, Ripple's native cryptocurrency XRP has seen a price surge of 26% over a week, with whale holdings reaching an all-time high.