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RLUSD Stablecoin Surpasses $2 Billion Mark Amid XRP Price Surge

Guavy AI Editorial Team
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XRP LUSD
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Ripple's stablecoin RLUSD has surpassed $2 billion in market value, according to data from August 26. The total supply of RLUSD is approximately one billion units, with about half of that amount being issued on the XRP Ledger.

Ripple notes that RLUSD has experienced growth in areas such as payments, liquidity, and institutional use cases. This surge in demand comes as the price of XRP itself rose by around 50% within the same week.

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