Ripple has grown the supply of RLUSD to $1.84 billion, up from roughly $1.59 billion on August 14, according to market data on CoinMarketCap. The stablecoin ranks 38th by total market capitalization, with daily volume at $464 million.
The jump of approximately 16 percent over a week comes from successive issuances of the token across multiple blockchains. Ripple began minting RLUSD on the XRP Ledger in mid-August and has expanded availability to Ethereum and other networks as part of a broader effort to build out stablecoin infrastructure beyond payment corridors.
RLUSD launched in 2023 as Ripple's answer to the stablecoin market, where USD Coin and Tether dominate by total supply. The token is issued by Ripple Labs and backed one-to-one by US dollar reserves held in audited accounts. Unlike many competitors that concentrate liquidity on a single blockchain, RLUSD is deployed across multiple chains to reduce settlement friction in cross-border payments.
The stablecoin saw significant traction on the XRP Ledger following Ripple's decision to pause On-Demand Liquidity, its payment service that once relied on XRP as a bridge asset. Institutional partners and some remittance firms have begun testing RLUSD for settlement in corridors where Ripple previously pushed XRP adoption.
Ripple has not announced major partnerships or integrations immediately preceding this supply expansion, though the timing aligns with broader crypto market activity in mid-August.
Ripple's stablecoin now ranks in the top 40 assets by market cap, far below the market leaders but ahead of most other blockchain-native stablecoins outside the major duopoly. At $1.84 billion in supply, RLUSD remains roughly one-seventh the size of USDC and less than one percent of Tether's circulating supply.
The document to watch is any integration announcement from major exchanges or payment networks that would show whether RLUSD is gaining institutional adoption at a pace that justifies further supply expansion.
