Bubble
Ripple USD RLUSD
Ripple USD (RLUSD) was trading at $0.9997, ranked #40 by market cap at $1.58B, with 24h volume of $45.00M.
Data snapshot: 2026-07-22 18:00 UTC.
RLUSD is Ripple's own fiat-backed stablecoin, issued on both the XRP Ledger and Ethereum and backed by US dollar deposits and government bonds. It's aimed at institutional payments and complements Ripple's existing cross-border settlement business. RLUSD is Ripple's dollar stablecoin, issued under a New York trust charter and aimed at the institutional payment corridors the company already works in rather than at retail trading. It is issued on both the XRP Ledger and Ethereum, which is a deliberate hedge: institutions want the settlement speed of one and the ecosystem depth of the other. Its market cap on this map is small relative to the established stablecoins, and the thing to watch is whether payment volume rather than exchange balances drives its growth.
How is RLUSD regulated?
It is issued under a New York trust company charter, one of the stricter US frameworks for stablecoin issuance, with reserves in cash and equivalents.
Why is it issued on two networks?
The XRP Ledger for fast, cheap settlement in payment corridors, and Ethereum for access to the deeper existing ecosystem of applications and venues.
Is RLUSD the same as XRP?
No. XRP is the XRP Ledger's native asset with a floating price; RLUSD is a dollar stablecoin. They are separate assets tracked separately here.
What is it aimed at?
Institutional cross-border payments rather than retail trading, which is a slower-growing but stickier form of adoption.
Market cap decides how big a bubble is drawn, so rank is what places RLUSD on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #28 | PayPal USD (PYUSD) | $2.78B |
| #33 | USDT0 (USDT0) | $4.06B |
| #40 | Ripple USD (RLUSD) | $1.58B |
| #42 | USDD (USDD) | $1.53B |
| #90 | GHO (GHO) | $697.92M |