RLUSD Supply Tops $2.4B as Reserves Exceed Circulation

| coin-turk.com
Ripple’s RLUSD stablecoin has surpassed $2.4 billion in circulating supply, according to data dated September 24. Its reserves stood at about $2.53 billion, exceeding circulation by roughly $122.5 million, or 5%. The reserves comprise US dollars and highly liquid cash equivalents held in segregated accounts. RLUSD is issued by Standard Custody & Trust Company, which is regulated by the New York Department of Financial Services. Ripple also publishes monthly independent CPA attestations covering RLUSD reserves and supply. RLUSD crossed the $2 billion threshold in late August and added more than $400 million in about one month. Ripple is positioning RLUSD as infrastructure for institutional payments, tokenised assets, credit markets and liquidity products. RLUSD is distributed across multiple networks. Ethereum holds approximately $1.38 billion, while the XRP Ledger holds about $1.03 billion. The rapid growth and reserve surplus are positive adoption signals for RLUSD, but they do not provide a direct price catalyst for XRP or other major cryptocurrencies.
Neutral
RLUSD’s supply growth and reserves exceeding circulation indicate stronger adoption and may improve confidence in Ripple’s stablecoin. In the short term, traders may view the data as a positive signal for Ripple’s institutional strategy, but it is unlikely to create immediate buying pressure for XRP because RLUSD supply growth does not directly increase XRP demand. The multichain distribution across Ethereum and the XRP Ledger could support broader liquidity and long-term use in payments, tokenised assets and credit markets. However, traders are likely to focus on actual transaction volumes, institutional demand, regulatory developments and any measurable links between RLUSD activity and XRP usage. Without those signals, the announcement is more relevant to stablecoin adoption than to XRP price formation. Historical reactions to similar supply milestones are often limited unless they coincide with significant market-wide catalysts. Therefore, the expected direct price impact on XRP remains neutral.