RLUSD Surpasses $2B, With Half of Its Supply on XRP Ledger

Ripple's dollar-pegged stablecoin RLUSD has surpassed $2 billion in market capitalization, with nearly half of its supply sitting on the XRP Ledger. The milestone was reached in under two years since its launch in December 2024.

The token's growth can be attributed to its inclusion in Mastercard's global settlement network, which added RLUSD alongside Circle's USDC and Paxos-issued tokens. This deal positioned RLUSD for intraday, weekend, and holiday settlement alongside traditional fiat options.

As of August 20, the circulating supply stands at approximately 2.09 billion tokens split across two networks. The XRP Ledger holds around $988 million or 48% of the total supply, while the remaining balance sits on Ethereum.