RLUSD Supply Crosses $1B on XRPL as Buy Pressure Intensifies on Binance
Ripple USD (RLUSD)
Editor:
Eugene Serbin
crypto-economy.com reports that Ripple USD (RLUSD) achieved a historic milestone on Friday, August 28, 2026, by crossing the $1 billion circulating supply threshold on the XRP Ledger. On-chain records from the Ripple Stablecoin Tracker placed the circulating volume at $1,024,222,594, reflecting an acceleration in direct liquidity provision by the issuing company. The treasury executed three prominent minting transfers in the last 24 hours, including a block of 19.9 million tokens and two parallel operations of 10 million each.
Activity surged between Thursday and Friday, with 26.2 million units minted and 6.9 million destroyed on August 27, followed by an additional 36.9 million issued and 7.5 million retired on August 28. This figure on the XRP Ledger accounts for approximately half of the asset’s global inventory, with the aggregate market cap reaching $2,091,648,295 as of August 26. Since its December 2024 rollout, RLUSD utilizes a dual technical structure split between Ethereum and Ripple’s settlement layer.
Analysts suggest that this liquidity concentration could optimize institutional exchange flows and facilitate trading pairs on the native decentralized protocol. The growth aligns with recent protocol updates, including automated market maker functions and compliance amendments designed for cross-border payments. RLUSD operates under New York State Department of Financial Services fiduciary standards, backed 100% by US dollar cash deposits and short-term US Treasury bills. Ripple’s treasury is scheduled to release its consolidated monthly reserves report in September 2026, detailing the audited breakdown after crossing the $2 billion total issuance mark.
How the market reacted
Whalio's own Binance spot order flow for RLUSD, measured when this story was written up on 28 August 2026. Not the outlet's figures.
RLUSD is trading at $1.00 with strong buying pressure evident across all short-term intervals. The 1-hour buy ratio stands at 80.2%, while the 4-hour ratio is even higher at 82.4%, both significantly outpacing the 24-hour buy ratio of 70.4%. This indicates that buying intensity is building in the most recent hours compared to the broader daily trend. Volume deltas confirm this aggressive accumulation, with +$3,787,691 added in the last hour and +$13,364,844 over four hours. The 24-hour volume delta sits at +$50,318,120, supported by a Cumulative Volume Delta of +$40,970,265. Net buying occurred for 18 of the last 24 hours, driving a total spot volume of $123,338,063 across 9,271 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.
Twenty-four hours later
What RLUSD did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for RLUSD, averaged over the days leading up to the story.
This trading activity represents a notable shift from the preceding week, where the average buy ratio was only 50.1%. The current 24-hour buy ratio of 70.4% is 20.3 percentage points higher than the weekly average, marking a distinct deviation from normal behavior. Volume for the day is 1.50 times the weekly average, indicating a substantial increase in trading activity. While the weekly data showed only 3 of 7 days with net buying, the current momentum suggests a concentrated burst of demand. The total volume delta for the 8-day period was +$59,641,840, but today’s single-day delta of +$50,318,120 accounts for the vast majority of that weekly total.