Ripple’s RLUSD stablecoin reached a major milestone this week as its circulating supply on the Ethereum network climbed to an all-time high of $1.1 billion. The surge marks a significant acceleration in RLUSD adoption and highlights renewed confidence in Ripple’s expanding ecosystem.
According to on-chain data, RLUSD’s growth on Ethereum has outpaced earlier projections, with demand coming from a mix of retail users, institutional participants, and emerging DeFi platforms integrating the asset for liquidity operations. The milestone reflects the broader shift toward interoperable stablecoins that can move seamlessly across chains while preserving reliability and transparency.
Ripple launched RLUSD as part of its long-term vision to support real-world settlement, institutional-grade liquidity, and cross-chain scalability. While XRP powers Ripple’s flagship payments technology, RLUSD functions as a complementary stable asset designed for settlement, trading, and on-chain financial products.
Analysts say the rising supply signals growing trust from users seeking stablecoin options backed by established payment-focused companies. Ethereum continues to serve as one of the largest and most active stablecoin networks, making it a natural environment for RLUSD’s expansion.
The trajectory also aligns with Ripple’s broader momentum in regulatory clarity, payment partnerships, and enterprise adoption globally. As stablecoins become critical infrastructure for both CeFi and DeFi, the growing presence of RLUSD on Ethereum positions Ripple to compete more directly with major incumbents such as USDT and USDC.
Whether this record supply marks the beginning of an accelerating trend will depend on continued integration, liquidity depth, and market conditions. For now, RLUSD’s $1.1 billion milestone underscores a clear signal: Ripple’s ecosystem is expanding, and investors are paying attention.
