Regulated by NYDFS, issued by Standard Custody & Trust Company
Verified data reveals that Ripple USD (RLUSD) has already become a multi-billion dollar company in less than one year after its inception, based on the confirmed data of CoinDesk and CoinCentral. This happened in early November 2025, when the stablecoin became live in December 2024, ensuring its positioning as the fastest-growing regulated stablecoin ever. The market cap of RLUSD is currently at 1.02 billion USD, and it is the 10th-largest dollar-supported stablecoin in the world.
The RLUSD runs on both the Ethereum and XRP ledger blockchain, allowing it to be very quickly adopted by both DeFi and enterprise payment infrastructure. As of November 2025, according to the report by CoinCentral, about 80 percent of the RLUSD supply is on Ethereum and 20 percent is on XRPL. This two-chain implementation can enable RLUSD to tie together institutional finance and decentralized protocols to increase the volume of trade to $170-180 million per day across the major exchanges such as Bitrue, Uphold, Kraken and Bitstamp.
The credibility of RLUSD is based on its compliance structure. The 1:1 back up of each RLUSD is in the form of U.S dollar reserves, short term treasuries and various cash equivalents. Ripple also releases monthly third party audits and onchain proof of reserve information, which strengthens transparency criteria that rival the leading stablecoins, such as the USDC and the TUSD.
In April 2025, Ripple incorporated RLUSD into Ripple Payments, which reduced the time taken to settle corporate clients by days to seconds. Companies are currently paying cross-border using RLUSD to pay with less than 90 percent of the SWIFT payment fees.
In April 2026, Ripple announced that it is launching RLUSD in Japan partnering with SBI VC Trade, the first move to one of the largest controlled crypto markets in Asia. Continued partnerships with DBS Bank and Franklin Templeton will introduce RLUSD into the repo markets, expanding its utilization in the conventional finance. In 2026, the executives of Ripple aim to reach a market cap of 10 billion with the help of the growing network of RLUSD, and the fact that the company achieved a healthy liquidity growth rate of approximately 9 percent each month since its inception.
Having reached a circulating supply of 1 billion tokens and having a fixed price of 1.00 USD, RLUSD is now in direct competition with PayPal USD and Dai. The institutional demand is still on the upswing as businesses change their direction to compliant stablecoins to settle and generate yields. The initiative of RLUSD, coupled with the controlled structure of Ripple, makes it among the most plausible competitors in the worldwide stablecoin market in the year 2026.
