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Ripple CEO says RLUSD stablecoin complements, not replaces, XRP amid $2.63B circulation surge

Market News
04 Nov 2026, 13:33 WIB
Coinpaper
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Ripple CEO says RLUSD stablecoin complements, not replaces, XRP amid $2.63B circulation surge

Ripple CEO Brad Garlinghouse clarified that RLUSD, Ripple's stablecoin, competes with other stablecoins rather than XRP, emphasizing they serve different purposes. RLUSD, which maintains a $1 value, is used by institutions for payment settlements without crypto price volatility, while XRP is essential for transaction fees and liquidity on the XRP Ledger. RLUSD circulation has reached $2.63 billion, backed by $2.76 billion in reserves, with growing institutional adoption including support from BNY and Coinbase. Despite increased RLUSD use, this does not directly translate into proportional XRP demand, though RLUSD activity may enhance XRP liquidity through the XRP Ledger's decentralized exchange.

XRP trades at Rp23.465 on Pluang as of Nov 04, 2026 18:52 WIB, showing a 3.00% gain in one day. The market cap stands at Rp1.483,68 trillion with a 24-hour volume of Rp47,61 trillion. Pluang users hold XRP for an average of 73 days, with buy and sell orders nearly balanced at 51% and 49%.

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