RLUSD Tops $2B as Ripple’s Stablecoin Challenges PayPal USD
TL;DR:
- RLUSD’s market capitalization reached $1.56 billion with 1.55 billion tokens in circulation, according to CoinMarketCap data.
- An issuance of $40 million on Ethereum and sustained daily trading volumes exceeding $43 million drove circulating supply in recent days.
- Ripple has allocated nearly $3 billion to corporate acquisitions to expand the operational infrastructure of its regulated asset.
The corporate stablecoin RLUSD, backed by Ripple, is approaching the $2 billion market capitalization mark following an issuance of $40 million on Ethereum during the final week of February.
$RLUSD just crossed $2,000,000,000 in market cap.
With close to $1B issued on the XRP Ledger.
This makes RLUSD, launched in December 2024, the fastest growing stablecoin regulated under the NYDFS.https://t.co/nmUjsAnKXt pic.twitter.com/Xs6BYoadSL
- Vet (@Vet_X0) August 21, 2026
According to market metrics tracked by CoinMarketCap, the asset’s circulating supply stood at 1.55 billion tokens. Analysts note that this progress places the asset less than $500 million away from its targeted supply forecast for the close of the current cycle.
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