The U.S. Commodity Futures Buying and selling Fee (CFTC) has expanded its checklist of eligible tokenized collateral on the regulated futures markets. This supplies a lift for Ripple’s RLUSD stablecoin, which may now fall underneath the definitions of what the CFTC regards as a fee stablecoin, that are eligible collateral to be used on the derivatives markets.
CFTC Expands Record Of Eligible Collateral, Boosting Ripple’s RLUSD
In an X put up, CFTC Chair Mike Selig introduced that the fee is increasing the checklist of eligible tokenized collateral to incorporate stablecoins issued by nationwide belief banks. “With the enactment of the GENIUS Act and the CFTC’s new eligible collateral framework, America is the worldwide chief in stablecoin innovation,” he added.
This can be a increase for RLUSD as Ripple is on the right track to turn out to be a nationwide belief financial institution, with the OCC already granting the crypto agency a conditional approval. It’s price noting that the RLUSD stablecoin had nonetheless certified underneath the CFTC’s definition of a fee stablecoin within the letter that it issued in December 2025.
Again then, the CFTC acknowledged that fee stablecoins are dollar-backed stablecoins that state-regulated cash transmitters or belief corporations concern, pending the efficient date of the GENIUS Act. The definition would have expanded additional to incorporate GENIUS Act-compliant stablecoins when the crypto laws takes impact subsequent yr.
Nonetheless, with this newest steering, RLUSD may now fall underneath each definitions since Ripple already has state oversight and will quickly turn out to be a nationwide belief financial institution, having secured a conditional approval.
The CFTC defined that it solely grew to become conscious after issuing the letter that fee stablecoins may embrace ones that nationwide belief banks concern. “The division didn’t intend to exclude nationwide belief banks as issuers and decided to reissue CFTC Letter 25-40 with an expanded definition of ‘fee stablecoin,” the fee added.
RLUSD’s Dominance On The XRP Ledger
On-chain analytics platform Messari just lately highlighted RLUSD’s dominance on the XRP Ledger. In a analysis report, it famous that Ripple’s stablecoin accounted for 58.6% of the entire market cap of tokens on the XRPL on the shut of the fourth quarter of final yr.
This represented a rise from the third quarter of 2025, when the stablecoin solely accounted for 27.9% of the entire market cap. RLUSD additionally recorded a 187% improve in its market cap quarter-over-quarter (QoQ) whereas its holders grew 4.3% QoQ. The stablecoin had closed 2025 with a market cap of $235 million on the XRPL. Its market cap on XRPL at the moment stands at $246 million.
In the meantime, CoinMarketCap knowledge present that Ripple’s stablecoin at the moment has a market cap of just about $1.5 billion (provide on XRPL and Ethereum mixed) and at the moment ranks because the forty fourth largest crypto by market cap. Notably, high crypto trade Binance listed RLUSD on Ethereum final month, offering a lift for its adoption.
Ripple additionally just lately secured an digital cash establishment license within the EU, which can be a constructive for the RLUSD’s adoption. The milestone allows the agency to now function regulated digital fee companies throughout the European Union.
