Ripple's RLUSD Hits $2 Billion Milestone Amid XRP Price Surge

Ripple's RLUSD stablecoin has reached an impressive milestone, surpassing $2 billion in market capitalization. As of August 26, the stablecoin had a market cap of $2,091,648,295.05, representing a modest increase of 0.66% over the last 24 hours, according to data from CoinMarketCap.

This achievement comes just months after RLUSD's launch in December 2024 and marks another significant milestone for Ripple's stablecoin. The company revealed that nearly 1 billion of the total RLUSD supply has been issued on the XRP Ledger, indicating strong network growth and rising activity around the stablecoin.

Ripple designed RLUSD with real-world utility and enterprise use cases in mind, attracting interest from both retail and institutional users. The stablecoin's steady expansion in market capitalization is attributed to Ripple's efforts to boost its presence across payments, liquidity, and institutional applications.