RLUSD Surpasses $2B Market Cap, Nearly $1B Now Lives on XRP Ledger

Ripple's dollar-pegged stablecoin, RLUSD, has reached an impressive milestone, exceeding $2 billion in market capitalization. This rapid growth is a testament to the increasing demand for stablecoins and the expanding use cases of Ripple's technology.

The RLUSD supply on the XRP Ledger has surpassed $1 billion, with nearly 50% of the total circulating supply now held on this network. The Ethereum network holds a slightly larger share of the supply.

Notably, the past 30 days have seen an astonishing $11.81 billion in transfers recorded on the RLUSD blockchain, indicating its expanding presence and usage. Ripple's efforts to push RLUSD into institutional crypto and real-world financial use cases are paying off.