Ripple’s dollar-pegged stablecoin RLUSD has crossed a new threshold, reaching an all-time high onchain market cap of $1.7 billion.

The growth isn’t just a slow drip, either. RLUSD’s circulating supply surged roughly 100% to about $660 million over the prior quarter alone.

From zero to $1B in under a year

RLUSD launched on December 17, 2024, with approval from the New York Department of Financial Services. The token crossed the $1 billion market cap mark in just 323 days after launch.

Binance listed RLUSD in January 2026, giving the token access to the world’s largest crypto exchange by trading volume. OKX followed in April 2026, bringing support for over 280 trading pairs and derivatives collateral.