RLUSD Surges Past $2.4B in Market Value, Outpacing XRP Ledger

Ripple's stablecoin, RLUSD, has surged to a market value of over $2.4 billion, marking a 50% increase in just one month. According to Ripple's senior vice president of stablecoins, Jack McDonald, 'RLUSD continues to climb, reaching ~$2.4B in market cap, up more than 50% in a month.'

The growth of RLUSD has been rapid, with average daily activity more than tripling since early 2026. The stablecoin has expanded across various networks, including Ethereum, the XRP Ledger, and others, with the majority of its circulation now held on the Ethereum network.

This expansion has significant implications for Ripple's corporate treasury business, which is estimated to be worth over $13 trillion. RLUSD's growth does not directly translate to increased demand for XRP, as companies can hold and transfer RLUSD without buying XRP. However, higher RLUSD activity on the XRP Ledger can lead to increased fee-related demand for XRP.