Ripple USD (RLUSD) Stands at $2.55B as Stablecoin Market Cap Falls 2.4%

Ripple USD (RLUSD) had a $2.55 billion market capitalization in the Oct. 29 snapshot as the broader stablecoin market totaled $286.94 billion, down 2.41% from 30 days earlier.

RLUSD’s market capitalization was $2,547,949,428. It was priced at $0.9999 on Oct. 29.

RLUSD is a dollar-pegged stablecoin launched in December 2024 and redeemable for U.S. dollars. Its reserves include U.S. dollar deposits, short-term U.S. Treasuries and other cash equivalents.

Standard Custody & Trust Company issues RLUSD and is supervised by the New York State Department of Financial Services. On Oct. 22, RLUSD circulating supply was $2.3828 billion and reserve funds were $2.528 billion. Those are separate measures from market capitalization and predate the Oct. 29 snapshot.