Ripple Positions RLUSD as a Settlement Rail After $2Bn Milestone

The Ripple dollar-pegged stablecoin RLUSD has surpassed a $2Bn market capitalization, with more than $1Bn of that supply issued on the XRP Ledger, according to Jack McDonald, Ripple’s senior vice president responsible for stablecoins. The milestone arrived less than two years after RLUSD’s launch, McDonald said in a post on X, formerly Twitter, first reported by blockchain outlet The Crypto Basic. This is not simply a supply-growth headline. It is Ripple’s clearest signal yet that RLUSD is meant to function as dollar-based settlement infrastructure across tokenized finance, payments, and lending, rather than as a token confined to exchange order books. 🐋 WHALE WATCH : $RLUSD supply on Ethereum up +93% in 30 days officially surpassing XRPL. Total RLUSD market cap is closing in on $2.4B with the majority now living on Mainnet. EVM network effect remains undefeated. $ETH $XRP pic.twitter.com/mbGaRyL0wJ — Whale Factor (@WhaleFactor) August 31, 2026 Ripple News: The $2Bn Mark and What Crossed It McDonald’s disclosure stated that RLUSD issued on the XRP Ledger alone has exceeded $1Bn, a figure distinct from the token’s total market capitalization across all networks. The primary reportin...