RLUSD crosses $2 billion as XRPL supply nears $1B

Ripple said on Aug. 25 that its RLUSD stablecoin crossed $2 billion in market capitalization during the previous week, less than two years after its December 2024 launch. Summary RLUSD crossed $2 billion in market value less than two years after its global launch. Nearly $1 billion of RLUSD was issued on XRP Ledger, according to Ripple’s latest update. Ethereum held slightly more RLUSD than XRP Ledger when the stablecoin passed the milestone overall. Standard Custody issues RLUSD under New York oversight and maintains segregated reserve accounts for holders. Ripple publicly reported $1.98 billion in reserves against $1.87 billion circulating on August 20, 2026. Close to $1 billion of the circulating supply had been issued on the XRP Ledger, according to Ripple’s official statement. CoinGecko subsequently placed RLUSD’s market capitalization at approximately $2.11 billion, based on a circulating supply of about 2.1 billion tokens. Because RLUSD seeks to maintain a $1 price, its market capitalization closely tracks its circulating token supply. The milestone therefore reflects additional issuance rather than price appreciation. RLUSD supply approaches an even network split Ripple ini...