Ripple’s RLUSD Stablecoin Market Cap Surpasses $2B

Crossing $2 billion in market cap, with half of that issuance anchored on the XRP Ledger, signals that RLUSD is carving out a meaningful niche beyond just being a Ripple-branded token. The concentration on XRPL suggests the stablecoin is gaining traction as a liquidity tool within that ecosystem, rather than purely competing on general-purpose rails. The key question is whether this growth stems from organic demand or strategic incentives, and whether the distribution broadens to other networks. For market observers, the pace of issuance and where it lands next will indicate if this is a durable trend or a network-specific spike.