RLUSD Hits All-Time High as Institutional Demand Grows
Ripple USD (RLUSD)
Editor:
Eugene Serbin
nftenex.com reports that Ripple’s stablecoin RLUSD has reached a new all-time high, reflecting growth in circulating supply and market capitalization rather than a price surge. Pegged 1:1 to the US dollar, the milestone signals expanding real-world demand for institutional and cross-border payments. The token operates under New York’s regulatory framework, which mandates full dollar reserves and regular attestations to maintain institutional confidence.
This growth coincides with record-high XRP ETF volume, suggesting reinforcing narratives within the broader ecosystem. Despite an eighth-place ranking, RLUSD’s record indicates it is expanding supply faster than its current rank implies. The stablecoin market remains concentrated at the top, with the leading two issuers controlling the majority of liquidity.
Rankings are dynamic, shifting with redemption cycles, exchange integrations, and regulatory events. Sustained growth in circulating supply alongside rising trading pair availability serves as the stronger signal for durable traction. Broader US federal legislation could reshape structural advantages among issuers in the future.
How the market reacted
Whalio's own Binance spot order flow for RLUSD, measured when this story was written up on 30 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows RLUSD trading at $1.00 with strong immediate buying pressure. The 1-hour buy ratio stands at 87.6%, while the 4-hour ratio is 76.8%, both significantly higher than the 60.1% recorded over the last 24 hours. This indicates that buying intensity is accelerating in the short term compared to the daily average. Volume deltas reflect this surge, with +$1,986,904 in the last hour and +$5,260,791 over four hours. The 24-hour volume delta is +$15,843,584, contributing to a cumulative CVD of +$19,481,481. Net buying occurred in 13 of the last 24 hours, supporting a spot volume of $78,317,062 across 4,779 trades.
The latest daily buy ratio of 39.6% sits at the 19th percentile of the last 267 days, against a median of 52.6% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for RLUSD, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 61.8%, making the current 24-hour ratio of 60.1% slightly below the weekly norm by 1.7 points. However, trading volume has increased to 1.27 times the weekly average, indicating heightened activity. Net buying was consistent across all seven days of the week, with a total volume delta of +$108,722,009. This sustained weekly accumulation contrasts with the recent 8-day price stability of +0.0%. The current session shows elevated volume relative to the weekly average, suggesting active participation despite the stable price.