Ripple's U.S. dollar-backed stablecoin, RLUSD, is nearing a significant milestone with a market cap of approximately $897.97 million, as revealed in its October 2025 attestation report. The report, prepared by an independent certified public accountant, confirms that reserves of $939.7 million exceed the circulating supply of $898.5 million, ensuring full backing for each token and adhering to professional accounting standards set by the American Institute of Certified Public Accountants.
Key updates include the renewal of over $1.5 million in University Blockchain Research Initiative (UBRI) grants, which will be funded entirely in RLUSD, and the integration of the digital asset platform Brale on the XRP Ledger, enabling businesses to issue their own USD-backed stablecoins and settle transactions using RLUSD. Additionally, Ripple completed the acquisition of prime brokerage firm Hidden Road, now renamed Ripple Prime, with clients already utilizing RLUSD as collateral or holding balances in the stablecoin.
Market data shows RLUSD trading at $0.9994, closely maintaining its peg to the U.S. dollar, with a daily trading volume of $103.69 million, up 22.72% from previous figures. The token has around 5,870 holders, indicating gradual adoption growth. Ripple's strategy to link RLUSD more closely with XRP leverages the XRP Ledger for fast, low-cost settlements, potentially enhancing utility for payments and liquidity management. As of the report, XRP was trading at $2.55, with a relative strength index in the mid-60s, suggesting a neutral to slightly positive trend.
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