In October, the RLUSD stablecoin supply on the XRP Ledger sharply declined by $284 million, dropping about 28.7% to 707 million tokens. This reduction was due to large transactions returning RLUSD to its issuer, though the exact reasons remain unclear and may involve treasury management rather than direct customer redemptions. Interestingly, one XRP/RLUSD trading pool's reserves remained mostly stable, with only a slight decrease in XRP and a small increase in RLUSD holdings, indicating that trading liquidity was not equally affected. This supply contraction appears to be part of a recurring month-end pattern, raising questions about Ripple's stablecoin management practices and the dynamics of liquidity on the network.
While RLUSD stablecoin supply on the XRP Ledger dropped sharply by $284 million in October, XRP itself shows a more stable market presence on Pluang, trading at Rp22.589 as of Nov 02, 2026 18:51 WIB with a modest 0.53% decline over one day. XRP's circulating supply is at 63.4 billion, representing 64% of its total 100 billion supply, and it holds a substantial market cap of Rp1.433,2 trillion. This contrast highlights how XRP's liquidity and trading activity remain relatively steady despite fluctuations in associated stablecoin supply.
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