RLUSD's supply on the XRP Ledger crosses $1 billion

RLUSD's circulating supply on the XRP Ledger has crossed $1 billion for the first time, U.Today reported. The Ripple Stablecoin Tracker put the figure at $1,024,222,594 as of Friday, a historic mark for the stablecoin on that chain specifically.

The milestone landed after a burst of minting. On August 27, $26.2 million RLUSD was minted on the XRP Ledger against $6.9 million burned. On August 28, minting reached $36.9 million with $7.5 million burned. The Ripple Stablecoin Tracker's X account logged three separate mints in the prior 24 hours: 19.9 million, 10 million, and 10 million RLUSD.

Ethereum saw its own wave of activity in the same window: $53.3 million minted so far on August 28 against $5 million burned. RLUSD's circulating supply on Ethereum specifically now sits at $1.24 billion, still ahead of the XRP Ledger's total. Across every chain combined, RLUSD's circulating supply remains above $2 billion, at $2.27 billion, a figure that tends to climb around month's end as activity picks up.

• RLUSD supply on XRP Ledger: $1.024B, first time above $1B
• Aug 27 XRPL activity: $26.2M minted, $6.9M burned
• Aug 28 XRPL activity (so far): $36.9M minted, $7.5M burned
• Three tracked mints in 24h: 19.9M + 10M + 10M RLUSD
• RLUSD supply on Ethereum: $1.24B; total across all chains: $2.27B

This isn't RLUSD's first supply milestone this year. Intokened covered the stablecoin pushing XRPL settlement above $2.5 billion and overtaking Ethereum in supply share back in July, before a stretch where transfer volume dropped 25% despite new partnerships. The last 48 hours look like a reversal of that dip, at least on the XRP Ledger side.

The mint comes in a busy stretch for the network more broadly. The XRP Ledger passed five billion transactions settled across its 14-year history this week. Ripple also began an AI-only security review of Lending Protocol V1.1 using the Sherlock Audit Engine, and Mastercard signed on as a sponsor of the XRP Ledger Hackathon ahead of the Ripple Swell event. Separately, the SEC declared the registration statement for XRP treasury company Evernorth effective this week, a development Intokened is covering on its own.

None of these numbers guarantee the pace continues. Stablecoin supply moves with demand for on-chain liquidity, and mint-and-burn activity swings by the week. What the past 48 hours show is that, for now, more of that liquidity is choosing the XRP Ledger over other chains RLUSD supports.

Nothing here should be taken as financial advice — just information to consider.