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Ripple’s RLUSD Stablecoin Tops $1 Billion, Becomes XRPL’s Largest

Institutional use across Ethereum plus the XRP Ledger is powering Ripple’s expansion into prime‑brokered settlement.

Overview

  • Circulating RLUSD totals about 1.02 billion tokens across Ethereum and the XRP Ledger, with roughly $820 million on Ethereum and $203 million on XRPL, alongside 38,166 holders and about $5.05 billion in monthly transfers.
  • Ripple identified Ripple Prime, GTreasury, and Rail as partners to widen RLUSD distribution and enterprise settlement use cases.
  • Ripple Prime launched U.S. spot prime brokerage on November 3 following Ripple’s $1.25 billion Hidden Road acquisition, enabling institutional OTC trading in assets including XRP and RLUSD.
  • RLUSD is issued by Standard Custody & Trust under NYDFS oversight with a reported 103% reserve buffer, BNY Mellon custody of non‑cash assets, and monthly independent attestations.
  • Derivatives and prime‑brokerage clients hold RLUSD balances for collateral, and nonprofits including World Central Kitchen and Water.org are adopting the token for cross‑border aid payments.