Ripple's RLUSD Tops $2.5 Billion in Circulation on XRP Ledger
- —RLUSD circulation reached $2,509.8 million as of October 1
- —Reserve assets backing the stablecoin total $2,633.8 million
- —Reserves exceed outstanding supply by roughly $124 million
Why it matters: RLUSD's growth intensifies competition in the stablecoin market and expands Ripple's role in settlements on the XRP Ledger.
Source: Coinotag