Ripple’s RLUSD goes multi-chain via Binance, challenging Tether and Circle The stablecoin sector — far from immune to recent crypto-market turbulence — has seen roughly $8 billion shaved off its collective market cap as liquidity tightens and risk appetite falls. Yet the industry’s biggest issuers are treating the pullback as a temporary reset and are doubling down on strategies to capture the next wave of demand. Tether doubles down on Treasuries - Bo Hines, CEO of Tether’s U.S. arm, said the firm intends to push Tether into the top 10 U.S. Treasury holders. That’s notable because about 83.11% of Tether’s reserves are held in Treasury bills, a major source of yield for the issuer. - Moving further into short-term Treasuries signals Tether is positioning for stronger institutional demand and a continued emphasis on yield-bearing, high-quality collateral. Circle expands USDC’s footprint on Solana - Circle has been minting USDC on Solana, a move analysts view as part of a strategy to turn Solana into a high-throughput settlement layer — potentially “Visa-scale” — for stablecoin payments and on-chain activity. - The 2025 cycle, when stablecoin supply surged roughly 50%, helped lay the groundwork for mainstream use cases, and Circle’s Solana push fits that trend. RLUSD surges, hits XRPL via Binance - Ripple’s RLUSD has been the standout newer entrant. After a 2,300% rally in 2025, RLUSD’s market cap hit a record $1.5 billion in the first two months of 2026. - Token Terminal reports RLUSD supply on Ethereum has climbed to about $1.2 billion — roughly a 10x year-over-year increase — underlining multi-chain adoption. - Price moves reflect the momentum: while USDT dipped about 1.5%, RLUSD rallied roughly 14% in the same window. - Binance has now completed integration of RLUSD on the XRP Ledger (XRPL), improving accessibility and trading options and marking another step in Ripple’s multi-chain playbook. Why it matters - Tether’s treasury strategy, Circle’s Solana expansion, and Ripple’s multi-chain rollouts all point toward issuers preparing for growth in on-chain payments, settlements, and institutional usage. - With liquidity under pressure, these moves show stablecoin firms reallocating resources and infrastructure to capture market share as demand returns. Bottom line The temporary contraction in stablecoin market cap hasn’t dampened strategic expansion. Issuers are leaning into reserves, high-throughput networks, and cross-chain availability — and RLUSD’s rapid ascent and new XRPL listing puts Ripple squarely in the race to challenge established players like Tether and Circle. Disclaimer: This article is for informational purposes only and not investment advice. Cryptocurrency trading carries high risk; do your own research before making decisions. Source: AMBCrypto, Tether, Token Terminal. Read more AI-generated news on: undefined/news

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