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Ripple’s stablecoin, RLUSD, recently caught attention following positive growth metrics detailed in its February monthly attestation report. That report showed RLUSD’s market cap reached approximately $170 million. This figure reportedly surpassed internal projections at the crypto custodian Standard Custody, prompting its CEO to forecast that RLUSD could potentially become a top 5 stablecoin by market cap by the end of 2025. Analysts now assess the factors supporting this potential growth trajectory. Several elements could contribute to RLUSD’s expansion, according to analysis shared by the Standard Custody CEO. The stablecoin is now available on additional exchanges, citing LMAX Group as one example providing wider accessibility. Related: RLUSD Takes Off on XRP Ledger as USDT Faces Europe Delistings RLUSD has also found utility within Decentralized Finance (DeFi) liquidity pools. Also, Non-Governmental Organizations (NGOs) like DIVA Donate and Mercy Corps Ventures reportedly use the stablecoin to streamline their charitable giving operations, demonstrating real-world adoption. For RLUSD to break into the top 5 stablecoin rankings by the end of 2025, it faces a significant climb. It would need to surpass the market capitalization of the current fifth-ranked stablecoin, FDUSD. At the time of writing, FDUSD’s market cap stood around $2.59 billion, based on CoinMarketCap data. RLUSD, meanwhile, ranked 12th with a market cap near $194 million. This difference implies RLUSD requires roughly 13-fold growth over the next nine months to overtake FDUSD’s current size (assuming FDUSD itself experiences no major growth). The dominant stablecoins USDT, USDC, DAI, and USDe currently occupy the top four positions. Related: Federal Reserve Explores Ripple’s RLUSD Stablecoin for FedNow Payment System RLUSD operates as a US dollar-pegged stablecoin supported by both the XRP Ledger and Ethereum blockchains. According to Ripple, it is fully backed by reserves of cash and cash equivalents, making each RLUSD token redeemable 1:1 for US dollars through approved channels. Its potential ascent into the top tier depends heavily on continued adoption, expanding use cases, and favorable market conditions. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitwise has announced that its Bitcoin Standard Corporations Index has two new entrants — Fold Holdings and Bitdeer Technologies. Bitwise Investments, a crypto index and exchange-traded funds provider, has added Fold Holdings and Bitdeer Technologies to the Bitwise Bitcoin ( BTC ) Standard Corporations ETF. The asset manager announced their inclusion via a post on X on March 25, 2025. Fold Holdings is a Phoenix-based Bitcoin financial services firm founded in 2019. Meanwhile, Bitdeer Technologies is a Nasdaq-listed Bitcoin miner with operations in the United States, Norway and Bhutan. Fold and Bitdeer join the Bitwise fund targeted at Bitcoin-heavy companies just days after its launch. With the two new additions, the ETF, which trades under the ticker OWNB, now includes 22 companies that hold at least 1,000 BTC in their treasury. “The fund does not invest directly in bitcoin or indirectly through derivatives that reference bitcoin,”Bitwise noted. According to Bitwise, the index tracks notable companies with Bitcoin as treasury assets, including Michael Saylor’s Strategy, bitcoin mining firm MARA Holdings, and Elon Musk’s Tesla. The top 10 companies in the ETF also include Riot Platforms, Metaplanet, and Semler Scientific. Metaplanet has been one of the more aggressive Bitcoin buyers, with its haul of 3,350 BTC reflecting a strategy similar to that of Strategy, formerly MicroStrategy. With OWNB now including 22 companies, the ETF collectively holds more than 648,000 BTC worth over $54 billion, accounting for about 3.2% of the total Bitcoin supply. Notably, Strategy held 506,137 BTC acquired for over $33.7 billion as of March 25, giving it the highest weight in the Bitwise Standard Corporations Index at 22.64%. MARA and Riot follow with weightings of 10.67% and 10.04%, respectively. Metaplanet is weighted at 5%, ranking as the fourth largest holding. Per Bitwise’s OWNB website, Fold holds 1,485 BTC worth roughly $130 million, while Bitdeer holds 1,039 BTC worth about $92 million.

BlackRock has launched its first Bitcoin ETP in Europe, marking its debut in crypto-linked ETPs outside North America, with a temporary 10 basis point fee waiver. American financial giant BlackRock is stepping into the European crypto market with its first Bitcoin exchange-traded product , which will trade under IB1T on Xetra and Euronext Paris and as BTCN on Euronext Amsterdam, marking its expansion beyond North America. According to a Bloomberg report on Tuesday, March 25, the so-called iShares Bitcoin ETP (IB1T) will launch with a temporary fee waiver of 10 basis points, reducing its expense ratio to 0.15% until the end of the year. Manuela Sperandeo, BlackRock’s head of Europe & Middle East iShares Product, says the product reflects “what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold.” The launch follows the success of BlackRock’s U.S.-listed iShares Bitcoin Trust (IBIT), which amassed billions in assets and became the fastest-growing ETF in market history, allocating $48 billion in 2024, per data from VettaFi. While IB1T will initially have a fee waiver, it will eventually charge 0.25%, the same as CoinShares ‘ $1.3 billion physical Bitcoin product, Europe’s largest crypto ETP. In a commentary for Bloomberg, BlackRock confirmed that Coinbase will remain as its custodian for the physical Bitcoin backing the ETP. The product is designed for both institutional and informed retail investors and will be issued through a special-purpose vehicle based in Switzerland.

Rain, a global card issuing platform that uses stablecoins, has secured $24.5 million in funding led by Norwest Venture Partners. Additional participants include Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka, alongside existing investors such as Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital. This investment will enable Rain to enhance interoperability with existing financial systems, broaden its global presence, and advance its stablecoin authorization and settlement infrastructure. The company has experienced significant growth, with a 15-fold increase over the past year and transaction processing in over 100 countries, according to a company release . Rain has also achieved principal membership with Visa , facilitating card issuance across Europe, the U.S., and Latin America. Its vertically integrated issuing stack allows the operation of card programs worldwide, settling transactions in stablecoins. The platform allows businesses to issue physical and virtual cards linked to various wallet types or traditional fiat accounts, with support for native settlement on multiple blockchain networks. Norwest Venture Partners, a global investment firm with over $15.5 billion in capital, has a history of supporting fintech innovations. Their portfolio includes investments in companies like Plaid, which streamlines financial data access between banks and consumers. Parker Barrile, a partner at Norwest Venture Partners, highlighted Rain’s significance in the evolving financial landscape. He noted that the company’s platform merges compliance with the flexibility of digital currency, positioning it as a leader in the growing adoption of stablecoins. This funding underscores the increasing interest in integrating stablecoins into mainstream financial services, highlighting Rain’s potential to bridge traditional finance with the expanding digital currency ecosystem.

The trend of institutional investors embracing Bitcoin continues to gain momentum, with the “HODL Top 70” list of companies now collectively holding a staggering 670,153 BTC. This increasing accumulation of Bitcoin by corporate entities reflects a growing confidence in the cryptocurrency’s long-term value proposition. In the past week alone, five companies further expanded their digital asset portfolios, adding a total of 7,349 BTC to their already substantial reserves. Which Companies Are Leading the Charge in Bitcoin Accumulation? When it comes to individual corporate Bitcoin holdings, Strategy (MSTR) remains the undisputed leader , currently possessing an impressive 506,137 BTC. The company’s well-known and aggressive Bitcoin accumulation strategy keeps it significantly ahead of all other publicly traded firms in this space. Following Strategy is Marathon Digital (MARA) with a substantial 46,374 BTC, maintaining its position as a key player in the Bitcoin mining industry. Riot Platforms (RIOT) holds 18,692 BTC, further demonstrating its strong commitment to Bitcoin as a core asset in its treasury. Related: Strategy (Formerly MicroStrategy) Launches $2.1 Billion Share Sale to Fund Further Bitcoin Acquisitions Tesla (TSLA) continues to hold a significant amount of Bitcoin, retaining 11,509 BTC, which reflects its sustained investment in the cryptocurrency despite the market’s inherent volatility. Cleanspark (CLSK) has accumulated 11,177 BTC, further solidifying its position within the Bitcoin mining sector. Hut 8 (HUT) closely follows with 10,237 BTC, remaining one of the industry’s leading Bitcoin mining companies. Coinbase (COIN), a major cryptocurrency exchange, holds 9,480 BTC, ensuring it has significant exposure to Bitcoin’s price fluctuations. Block (formerly known as Square) owns a notable 8,485 BTC, underscoring its long-term belief in Bitcoin’s potential as a transformative technology and asset. Galaxy Digital (GLXY), a prominent investment firm focused on digital assets, holds 4,848 BTC, showcasing its commitment to Bitcoin as a key component of the evolving financial landscape. Bitcoin Group SE (BTGGF), a European institutional investor, has accumulated 3,605 BTC, further strengthening its presence in the Bitcoin market. Metaplanet recently increased its holdings, now reaching a total of 3,350 BTC. This strategic move aligns with the company’s publicly stated bullish outlook on Bitcoin’s future. Semler Scientific (SMLR) holds 3,192 BTC, maintaining a significant corporate stake in the cryptocurrency. Hive Digital (HIVE) possesses 2,620 BTC, supporting its operations in the digital asset mining space. Cango (CANG) has also increased its exposure to Bitcoin, now holding 1,944 BTC. Exodus (EXOD) follows with 1,900 BTC, using Bitcoin as part of its reserves to support its digital wallet services. BitFuFu (FUFU) owns 1,800 BTC, reflecting the broader trend of increasing institutional adoption of Bitcoin. Nexon (NEXOF) holds 1,717 BTC, demonstrating continued corporate confidence in Bitcoin’s long-term value as an asset. Related: Bitcoin Bet Pays Off: Strategy₿ (MSTR) Outperforms Top Stocks Fold (FLD) has accumulated 1,485 BTC, highlighting its ongoing commitment to the cryptocurrency ecosystem. Canaan (CAN), a major manufacturer of Bitcoin mining hardware, holds 1,355 BTC, maintaining its presence within the Bitcoin industry. This sustained and growing institutional adoption signals a strong and enduring corporate belief in Bitcoin’s potential as a valuable long-term investment asset. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.