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Ripple's RLUSD stablecoin hits $2.44B supply record, mostly growing on Ethereum, not XRP Ledger.

Protocol Fundamentals
14 Sep 2026
Bitcoin
View Source
Bullish
Ripple's RLUSD stablecoin hits $2.44B supply record, mostly growing on Ethereum, not XRP Ledger.

Ripple's RLUSD stablecoin reached a new supply record of $2.44 billion in September 2026, marking a 41% increase in 30 days. Most of the new supply since July has been minted on Ethereum, which now holds $1.37 billion of RLUSD, surpassing the XRP Ledger's $1.05 billion. This shift reflects growing activity on Ethereum despite the XRP Ledger's stablecoin base remaining strong. The rise is linked to new exchange listings in Korea and inflows into XRP spot ETFs, which have attracted $1.68 billion since November 2025. The distribution across multiple blockchains and regulatory backing under New York's financial rules support RLUSD's growth.

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