The Ripple USD (RLUSD) stablecoin has a market capitalization of over $1 billion, making it the largest stablecoin on the XRP Ledger.
Ripple USD (RLUSD) is minted on both Ethereum and the XRP ledger, with a total supply of 1.02 billion on both networks, according to data from CoinMarketCap.
Ripple recently tweeted about this milestone, highlighting that RLUSD has surpassed $1 billion in less than a year since its launch. The RLUSD stablecoin made its global debut in December 2024.
Reacting to this milestone, Ripple’s SVP of stablecoins, Jack MacDonald, tweeted that he was proud of Ripple’s stablecoin team, as the RLUSD stablecoin’s market cap exceeded $1 billion.
The RLUSD team is giving it their all every day… Congratulations to @_JackMcDonald_ and the team on this accomplishment! https://t.co/KIrq2mDErH
— Monica Long (@MonicaLongSF) November 3, 2025
The tweet was also noticed by Ripple President Monica Long, who praised the efforts of Ripple’s stablecoin team and shared her excitement about the $1 billion milestone, saying, “The RLUSD team is working hard every day. Congratulations to Jack McDonald and his team on this achievement.”
Ripple says this is just the beginning
In a tweet, Ripple hinted that the recent $1 billion milestone may be just the beginning, adding, “With Ripple Prime, GTreasury, and Rail joining this effort, RLUSD and XRP will power faster, more efficient, and compliant payments around the world.”
Ripple has completed the acquisition of Hidden Road (now Ripple Prime), which will significantly strengthen the utility and reach of Ripple’s stablecoin RLUSD. The Ripple USD stablecoin is already used as collateral for many prime brokerage products, and some derivatives customers hold balances in RLUSD.
In a major milestone, Ripple Prime has launched digital asset spot prime brokerage capabilities in the US, allowing customers to execute OTC spot trades across digital assets and stablecoins including XRP and RLUSD.
As of the close of trading in October, RLUSD had secured a listing on Bitpanda, Europe’s leading retail broker for buying and selling cryptocurrencies, and is expected to be listed on more exchanges in the future.
