Ripple’s stablecoin RLUSD has crossed a $2 billion market capitalization, according to Techub, which cited Crypto.news. The update also said that nearly $1 billion of RLUSD supply has been issued on the XRP Ledger, or XRPL. The report tied that issuance process to oversight from the New York Department of Financial Services. The figures point to continued growth in RLUSD’s circulation across Ripple-related infrastructure, with XRPL accounting for a substantial share of the token’s outstanding supply. No additional issuance details were provided in the source brief.
Ripple’s stablecoin RLUSD has surpassed a $2 billion market capitalization, according to Techub News, citing Crypto.news.
Of that total, nearly $1 billion in RLUSD supply has been issued on the XRP Ledger. The issuance process is overseen by the New York Department of Financial Services, the report said.
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