1 Billion RLUSD Now Circulating on XRPL and Ethereum

RLUSD, the stablecoin backed by Ripple Labs, reached a major milestone today, November 3, 2025. In particular, Ripple USD (RLUSD) officially. overcome $1 billion in market capitalization.

RLUSD is seeing massive adoption

According to stablecoin tracker Ripple, 1,000,000,000 RLUSD tokens are now live on Ethereum and XRP Ledger.

A recent single 50 million RLUSD mint on XRPL helped push the stablecoin over the $1 billion market cap.

This milestone is a bullish development for the Ripple ecosystem. It suggests growth in the stablecoin, fueled by increased adoption among retail and institutional investors.

RLUSD has become the fastest regulated stablecoin ever. The stablecoin, which launched on December 17, 2024, has grown to $1 billion in just over 10 months.

For context, Tether (USDT), the largest stablecoin by market capitalization, took more than a year to hit $900 million in 2015.

The success of RLUSD points to a mature market where investors are attracted to invest in assets that meet regulatory standards. As demand for low-volatility fiat-pegged tokens increases, Ripple has predicted that the entire stablecoin market could soar to $2 trillion by 2028.

After the launch of RLUSD, Ripple President Monica Long commented that it aims to establish a new benchmark in the stablecoin landscape. She emphasized that RLUSD emphasizes trust, helpfulness and compliance.

RLUSD Use Cases

RLUSD claims to be an enterprise grade stablecoin, denominated in USD. It is one of the few stablecoins issued under a New York Trust Company Charter, which ensures strict supervision and regulation.

Ripple stablecoin is used by banks and fintechs for instant cross-border transfers. Traders trade RLUSD for XRP on XRPL Decentralized Exchanges (DEXes).

Additionally, DeFi users lend and borrow stablecoin on Ethereum. Similarly, dealers buy RLUSD on the Uphold, Bullish, Bitso and MoonPay exchanges.

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RLUSD is now ahead of PayPal’s PYUSD, First Digital’s FDUSD and many others. Only the giants like USDT and USDC are bigger.

Other recent milestones include the integration of Brale with XRP Ledger for stablecoin issuance. This integration allows companies to issue USD-backed stablecoins and settle them in RLUSD.

In addition, Ripple also announced the completion of its acquisition of the first brokerage Hidden Road, now known as Ripple Prime. Its customers have already started using RLUSD as collateral or keeping their balances in stablecoins.