Ripple’s RLUSD stablecoin market cap grows $229M in 30 days

Ripple's dollar-pegged token added $228.8 million in a month while much of the stablecoin market stayed flat Ripple’s stablecoin, RLUSD, added $228.8 million to its market capitalization over the past 30 days. The gain puts RLUSD’s market cap at approximately $2.57 billion as of November 4, 2026. For a token that turns two in December, it is growing up quickly. The numbers behind the climb RLUSD started 2026 at about $1.28 billion. By late October, it had grown more than 88% year-to-date. Total supply now sits between $2.5 billion and $2.6 billion. Most of it lives on two blockchains. Ethereum hosts the larger share, at roughly $1.72 billion. The XRP Ledger, Ripple’s home network, holds approximately $850 million to $870 million. The XRP Ledger side is not quiet, though. Single-day mints on that network have recently topped $110 million. A mint is when new tokens are created, usually because someone deposited dollars and wants the digital version. Nine-figure mints in one day suggest large players are moving in, not just retail users testing the waters. RLUSD has also beaten several larger rivals on net supply gains during this stretch. In a market that mostly moved sideways, that ...