RLUSD Surpasses Record $2.49B, Closes in on PYUSD

Ripple's RLUSD has reached a record $2.49 billion in value, adding $82.1 million in just one day to narrow its gap with PayPal's PYUSD stablecoin.

As of now, PYUSD is worth $2.74 billion, but it has been shrinking this year, down 22% since the start of 2026 and 35% below its March peak.

The XRP Ledger has been a key driver of RLUSD's growth, adding $63 million in new supply this week to lift its share of the stablecoin market to 44%, while Ethereum added $49 million.

This development comes as Ripple continues to build uses for the XRP Ledger balance, including an institutional lending market with RLUSD as the credit asset.