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In XRP news today, Ripple’s dollar-pegged stablecoin RLUSD has surpassed a $2Bn market capitalization less than two years after its launch, with more than $1Bn of that supply now issued directly on the XRP Ledger.
Jack McDonald, Ripple’s senior vice president responsible for stablecoins, shared the milestone on X, while media outlets began picking up the story on September 1.
$2B is just one measure of the momentum behind $RLUSD. From institutional partners like @BNYglobal to growing exchange adoption and real-world use cases, we’re building the infrastructure and distribution for scale.
So proud of this team – and we’re still early. LFG. 💪🏼 https://t.co/zmGNKWSbaE
— Jack McDonald (@_JackMcDonald_) August 26, 2026
The distinction matters because RLUSD is a multi-chain asset. The $2Bn figure reflects total circulating supply across networks, rather than XRP Ledger issuance alone.
Ripple’s disclosure highlights that RLUSD issued on the XRP Ledger has exceeded $1Bn, while a substantial portion of the stablecoin’s supply remains on Ethereum.
XRP News: What McDonald’s Milestone Signals for RLUSD
McDonald highlighted the XRP Ledger-issued portion of the supply. He said market capitalization is not everything, but described the milestone as worth celebrating.
His comments point to issuance scale as one measure of RLUSD’s development without presenting it as a complete measure of adoption.
Ripple is continuing to expand RLUSD’s use cases beyond exchange activity. The company is focusing on tokenized-finance transactions, payments and settlement.
This is while also investing in digital-finance infrastructure firms ZILO and Licuido. Ripple plans to use RLUSD as a dollar-based settlement asset for tokenized asset trading.
RLUSD’s Expanding Market and Chain Footprint
The reported milestones are that RLUSD’s total market capitalization has exceeded $2Bn and that XRP Ledger-based issuance has exceeded $1Bn. The primary report describes the achievement as occurring less than two years after RLUSD launched.
Separate on-chain data compiled by RWA.xyz placed RLUSD’s total capitalization at near $2.02Bn, with growth of roughly 31% over a trailing 30-day period.
The same report cited $11.81Bn in transfers across 1.39 million transactions during that period. Transfer volume measures tokens moving onchain and should not be read as payment revenue or new capital inflows.
The data also indicates that supply is distributed across the XRP Ledger and Ethereum. Growth in XRP Ledger issuance may support liquidity and network activity, but it does not by itself establish equivalent demand for XRP, since users need only small amounts of the native token to cover network fees.
From Stablecoin Issuance to Payments, Lending and Tokenized Finance
Ripple is positioning RLUSD as a settlement asset for tokenized finance, payments, and settlement. Its investments in ZILO and Licuido form part of that effort to expand digital-finance infrastructure and support a broader range of potential uses for the stablecoin.
McDonald also said deposits of RLUSD in Bybit’s Hold and Earn program exceeded $50M within 11 days. Bybit subsequently launched a second-stage program with Ripple that increased rewards for XRP and RLUSD.
The developments show RLUSD’s presence in exchange-based products, alongside Ripple’s stated focus on financial services applications.
Ripple is also building an XRP Ledger-based lending service with Clearpool and Cicada Credit. RLUSD is expected to be used for loans to fintech companies, payment firms and other businesses, creating a potential use case beyond payments and crypto trading.
In Kenya, Ripple is working with MC Social Venture, BlockBima and Fortune Credit on an RLUSD-based project intended to help small businesses access insurance and loans.
Ripple said the initiative reduced settlement time by 97% and lowered costs by about 3,000 times; those figures are the company’s stated results.
XRP News Today: How RLUSD’s Next Phase Will Be Measured
🐋 WHALE WATCH : $RLUSD supply on Ethereum up +93% in 30 days officially surpassing XRPL.
Total RLUSD market cap is closing in on $2.4B with the majority now living on Mainnet.
EVM network effect remains undefeated. $ETH $XRP pic.twitter.com/mbGaRyL0wJ
— Whale Factor (@WhaleFactor) August 31, 2026
In other XRP news, Ripple’s stated direction is to broaden RLUSD from an exchange-focused stablecoin into payments, lending, tokenized assets, and financial services in emerging markets.
If tokenized securities and funds become more widely used, demand for dollar-based settlement methods could grow, potentially widening the range of uses for RLUSD among banks and financial institutions.
The available reporting does not provide a fixed timeline or performance forecast for the lending service or the Kenya project.
Issuance remains a visible indicator, but settlement activity, liquidity, and transaction use will also help show how RLUSD develops across the XRP Ledger and other supported networks.
