RLUSD Surpasses $2B Market Cap With Nearly $1B on XRP Ledger
XRP (XRP)
Editor:
Eugene Serbin
Cryptoninjas.net reports that Ripple’s RLUSD stablecoin has exceeded a $2 billion market capitalization, with nearly $1 billion of that supply issued on the XRP Ledger. Ripple announced this milestone on August 25, noting that the dollar-pegged asset crossed the $2 billion mark during the previous week. Data from RWA.xyz places the stablecoin’s value at approximately $2.02 billion, with $962.8 million on the XRP Ledger and $1.05 billion circulating on Ethereum.
These two networks account for nearly the entire supply of the token, which launched in December 2024 for enterprise use cases. RLUSD saw a market valuation increase of roughly 31.45% over the 30 days ending August 25. Onchain activity data shows RWA.xyz transferred about $11.81 billion across 1.39 million transactions in that same period.
This volume indicates expanding usage beyond simple tokenized dollar balances, though it does not confirm specific payment or settlement activity. The growth reinforces the XRP Ledger’s role as a hub for dollar-denominated liquidity. Ripple continues to focus on institutional distribution and real-world financial applications rather than retail speculation. The stablecoin’s circulating supply is now over $2 billion, with nearly half residing on the XRPL.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 26 August 2026. Not the outlet's figures.
XRP is trading at $1.42 with a 24-hour buy ratio of 51.9%, indicating slightly more buyers than sellers over the day. This contrasts with the 1-hour ratio of 51.1% and the 4-hour ratio of 48.4%, showing that buying pressure has strengthened over the longer timeframe. The 24-hour volume delta is positive at $8,976,592, while the 4-hour delta is negative at -$553,241. This suggests that while short-term selling pressure exists, net buying has accumulated over the full day. The CVD at the 24-hour close is +$134,926, confirming net inflows. Spot volume reached $238,596,035 with 1,648,472 trades in the last 24 hours.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Twenty-four hours later
What XRP 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 XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.9%, making today’s 24-hour ratio of 51.9% an unusual day with 3.0 points higher buying interest. Volume relative to the average was 0.51x, indicating significantly lower trading activity than usual. The weekly volume delta total was -$61,148,055, contrasting with today’s positive daily delta. Price rose 28.7% over the eight-day period despite the lower volume. There were zero days of net buying in the preceding week, making this a shift in trend.