Ripple’s RLUSD stablecoin has reached a new all-time high in supply, hitting nearly $1.59 billion as of April 26, 2026. This milestone underscores the growing demand for stablecoins globally, with RLUSD now the 9th largest stablecoin by market cap.
After a dip to $1.247 billion at the end of March, RLUSD rebounded strongly, indicating rising market appetite, according to data from CoinGecko. The stablecoin achieved the billion-dollar mark in less than four months from its launch, demonstrating rapid adoption.
The 30-day transaction volume for RLUSD has reached approximately $6 billion, reflecting its active use across various platforms. Its growth has been fueled by key institutional developments in 2026. European banks including ING, UniCredit, and BNP Paribas are collaborating with Ripple to create a regulated euro stablecoin using Ripple's technology. Additionally, BlackRock has integrated RLUSD into its tokenized fund system, allowing for redemptions using the stablecoin, further expanding its institutional use case.
SBI Holdings is facilitating the expansion of RLUSD into Asian markets, broadening its global reach. Ripple also received conditional approval from the Office of the Comptroller of the Currency (OCC) to become a National Trust Bank, enhancing regulatory oversight and trust in RLUSD.
RLUSD operates on multiple blockchain networks to increase flexibility. Approximately 80% of its supply (around $1.22 billion) resides on Ethereum, while about $345 million is on the XRP Ledger. Through integration with Wanchain, RLUSD now supports cross-chain transfers between Ethereum, the XRP Ledger, and Cardano, making it easier for users to move assets across networks.
Meanwhile, XRP's price has remained stable, trading between $1.37 and $1.45 in recent weeks, indicating that the stablecoin's success has not yet directly impacted XRP's market movement.
