RLUSD Surpasses $2B Market Cap, Dominates XRP Ledger

Ripple's dollar-pegged stablecoin, RLUSD, has reached a significant milestone in its short history. The token surpassed $2 billion in market capitalization during the week of August 18-22, making it one of the fastest-growing regulated stablecoins in crypto.

Nearly half of the supply, approximately $988 million, resides on the XRP Ledger. This level of dominance has propelled the ledger's total stablecoin supply past $1 billion, eclipsing Stellar in the process.

RLUSD's dual listing on both the XRP Ledger and Ethereum provides it with access to the vast DeFi ecosystem while leveraging the XRP Ledger's faster settlement times and lower transaction costs. Ripple designed the token primarily for payments and liquidity management, positioning it as a bridge asset in institutional workflows.