RLUSD Supply Surges to $2.5B Amid Growing Institutional Demand

Ripple's RLUSD stablecoin has reached a new milestone in its supply growth, reaching $2.5 billion as of September 22. This represents a significant increase from August, when the circulation level was around $2 billion.

The surge in RLUSD supply is attributed to an increase in stablecoin deposits on the XRP Ledger, suggesting that more dollars are flowing through Ripple's blockchain network.

RLUSD accounts for roughly 90% of the total stablecoin value on the XRP Ledger, which now exceeds $1.19 billion. This concentration highlights the close link between RLUSD's expansion and XRPL activity.

Ripple has been working to provide institutional access to RLUSD, and the company's transparency disclosures reveal that Standard Custody & Trust Company is a regulated issuer of the stablecoin.