RLUSD Adoption Accelerates as XRP Ledger Overtakes Ethereum

Summary

• Ripple RLUSD supply on the XRP Ledger reached $801 million, surpassing Ethereum's $795 million in mid-2026.
• A fresh 10 million RLUSD mint on XRPL lifted the stablecoin's total market cap to $1.71 billion.
• Former Ripple engineer Bias Goose confirmed plans for a new startup built on XRP Ledger stablecoins rails.

Ripple just minted another 10 million RLUSD on the XRP Ledger. That lifted the stablecoin's market cap to $1.71 billion. Supply on XRPL reached $801 million and slipped past Ethereum's $795 million at the same time.

Institutions pushed the numbers higher. They want cheap tokenized dollars on the ledger.

The mint shows XRP Ledger stablecoins gaining real traction in payments and settlement. Ripple sees RLUSD adoption climb as firms hunt for lower-cost dollar rails.

Context

Stablecoin activity on the XRP Ledger picked up speed through 2026. Broader institutional interest in on-chain USD assets fueled the trend. RLUSD now leads that shift for Ripple.

Metrics from the first half of the year put XRPL ahead of Ethereum in RLUSD supply. That flips earlier patterns. Value from stablecoin flows should lift transaction volumes on the ledger.

Approved sources note RLUSD growth supports more on-chain activity. They stop short of confirming every new token has entered circulation.

Details

Ripple completed the latest 10 million RLUSD mint on XRPL at a transaction cost of just 0.000405 XRP. The addition pushed the stablecoin market cap to $1.71 billion. It also signaled ongoing institutional interest.

Sources say the mint tracks demand without proving full deployment of the new tokens.

"The value capture potential of RLUSD is driving its adoption, which should result in increased transaction volumes on XRPL."

, bitcoinfoundation.org

Ex-Ripple engineer Bias Goose teased a new startup. It will run on XRP Ledger stablecoin rails built around RLUSD. The move adds to developer momentum around the ledger.

Reaction

Community and analyst talk has centered on the supply crossover between XRPL and Ethereum. Observers point to low fees and fast settlement as draws for institutional flows into XRP Ledger stablecoins.

Social Highlight · @biasgoose · Published 2026-04-08

Ex-Ripple dev confirms his mysterious new XRP Ledger startup will run on RLUSD stablecoin rails. (https://x.com/MackAttackXRP/status/2088988346269753769)

Outlook

Market participants will watch whether the new RLUSD supply moves into active payments or stays in reserve. Further mints and confirmed startup launches should give clearer signals on sustained growth for XRP Ledger stablecoins.