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XRPL stablecoin supply jumps 14.6%, nearing $1.33B with RLUSD dominating 93% of the market.

Protocol Fundamentals
05 Oct 2026
Coinpaper
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Bullish
XRPL stablecoin supply jumps 14.6%, nearing $1.33B with RLUSD dominating 93% of the market.

The XRPL stablecoin market grew by 14.6% in one week, reaching about $1.33 billion as of October 3, driven mainly by Ripple's RLUSD stablecoin, which accounts for roughly 93% of the total value on the XRPL. RLUSD's circulation has surpassed $2.4 billion, fully backed by cash reserves and redeemable 1:1 for USD, making it the dominant dollar liquidity layer on XRPL. This growth highlights XRPL's expanding role in hosting dollar-denominated liquidity alongside its native XRP asset, although RLUSD's rise does not directly equate to increased demand for XRP. The trend signals a broader shift in XRPL's ecosystem beyond just payments, enhancing its financial utility.

XRP trades at Rp27.157 on Pluang, showing a 1.27% gain as of Oct 05, 2026 17:31 WIB. This price movement comes alongside the reported surge in XRPL stablecoin supply, particularly Ripple’s RLUSD, which is expanding the XRPL ecosystem’s financial utility beyond XRP itself. Pluang data also shows a strong buy interest with 80% of order activity favoring purchases, reflecting active investor engagement amid these developments.

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