Ripple's RLUSD stablecoin passes $2B market cap, with about $963M issued on the XRP Ledger
- Amount
- $2.0B
- Place in VP50
- #35
- Sources
- 2
- Claims verified
- 7 of 7
What happened
Ripple's RLUSD stablecoin passed $2 billion in market capitalization in late August 2026, according to a CCN article published on Yahoo Finance on August 27. The article put the market cap at about $2.02 billion, citing RWA.xyz data, up 31.45% over the previous 30 days. It said RLUSD launched in December 2024 and that its market cap was approaching $250 million in April 2025. Ripple announced on August 25 that close to $1 billion of RLUSD had been issued on the XRP Ledger.
According to the article, about $962.8 million circulated on the XRP Ledger and about $1.05 billion on Ethereum. RWA.xyz recorded $11.81 billion of RLUSD transfers across all supported networks in the previous 30 days, across 1.39 million transactions. The article cautioned that this measures onchain token movement, not payment revenue or new capital inflows. CoinDesk reported on September 12 that circulating supply was about $2.4 billion, up more than 50% over the past month, citing Token Terminal data. The sources gave no revenue figure for RLUSD.
Key points
- RLUSD's market cap passed $2 billion, at about $2.02 billion per RWA.xyz data, Yahoo Finance reported on August 27, 2026.1
- Market cap rose 31.45% over 30 days, according to RWA.xyz data cited by Yahoo Finance.1
- About $962.8 million circulated on the XRP Ledger and about $1.05 billion on Ethereum.1
- RLUSD transfers totaled $11.81 billion across 1.39 million transactions in 30 days.1
- CoinDesk reported circulating supply of about $2.4 billion on September 12, citing Token Terminal.2
Why it matters
RLUSD supply above $2 billion gives a measurable size to a business line that sits apart from XRP, which is one input to how Ripple is valued.
Supply is spread between the XRP Ledger and Ethereum, with less than $90 million separating the two on RWA.xyz data, so the stablecoin is not tied to Ripple's own ledger alone.
The article on Yahoo Finance noted that transfer volume is onchain movement and not payment revenue, so the sources show adoption but give no revenue figure.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series A | May 19, 2015 | $100M | $28M | Unknown |
| Series B | Sep 15, 2016 | $355M | $55M | SBI Holdings |
| Series C | Dec 20, 2019 | $10B | $200M | Tetragon |
| Strategic investment | Nov 5, 2025 | $40B | $500M | Citadel Securities and Fortress Investment Group |
Updated
Fact-check
- RLUSD market cap was about $2.02 billion, passing $2 billion, reported August 27, 2026.Confirmed by [1] Yahoo Finance (CCN article dated August 27, 2026): it puts market cap at about $2.02 billion per RWA.xyz data.Verified
- Market cap rose 31.45% over the previous 30 days.Confirmed by [1] Yahoo Finance.Verified
- RLUSD launched in December 2024 and its market cap was approaching $250 million in April 2025.Confirmed by [1] Yahoo Finance.Verified
- Ripple announced on August 25 that close to $1 billion of RLUSD had been issued on the XRP Ledger.Confirmed by [1] Yahoo Finance.Verified
- About $962.8 million circulated on the XRP Ledger and about $1.05 billion on Ethereum, less than $90 million apart.Confirmed by [1] Yahoo Finance: it gives both figures and the gap of less than $90 million.Verified
- RLUSD transfers totaled $11.81 billion across 1.39 million transactions over 30 days, which is not payment revenue.Confirmed by [1] Yahoo Finance: it cites RWA.xyz and says the volume should not be read as payment revenue or new capital inflows.Verified
- Circulating supply was about $2.4 billion on September 12, up more than 50% in a month, per Token Terminal.Confirmed by [2] CoinDesk (dated September 12, 2026).Verified
Sources
- [1]Yahoo Finance (opens in a new tab)RLUSD Hits $2B Market Cap as Nearly $1B of Supply Moves Onto XRP Ledgershould not be interpreted as payment revenue or new capital inflows
- [2]CoinDesk (opens in a new tab)Ripple eyes $13 trillion corporate treasury opportunity to grow RLUSD stablecoin, executive says
