RLUSD just hit $1B+ supply on Ethereum in under a year, riding hard on compliance and fresh approval from Abu Dhabi. While the market swings, stablecoins keep stacking wins.

Ripple’s U.S. dollar–pegged stablecoin Ripple USD (RLUSD) has surpassed $1 billion in supply on Ethereum alone, less than a year after launch, underscoring rapid adoption for a highly regulated, compliance-focused asset. According to crypto.news, RLUSD’s Ethereum supply crossed about $1.026 billion on Nov. 28, while its combined supply on Ethereum and the XRP Ledger reached roughly $1.261 billion amid growing demand for regulated stablecoins. RLUSD was launched in December 2024 as a fiat‑backed stablecoin issued by Standard Custody & Trust Company, a New York–chartered trust company affiliated with Ripple and overseen by the New York Department of Financial Services (NYDFS). The token is natively issued on both Ethereum and the XRP Ledger, with reserves held in U.S. dollar deposits, short‑dated U.S. Treasuries, and cash equivalents, and is designed for fast, low‑cost payments and integration into DeFi. From a base of around $100 million in circulation in early 2025, RLUSD has grown into a multi‑billion‑dollar asset by mid‑2026, making it one of the larger regulated dollar tokens, although still far behind incumbents like USDT and USDC. A key driver of the latest milestone is RLUSD’s regulatory positioning. In addition to its NYDFS‑linked issuance structure, Abu Dhabi’s Financial Services Regulatory Authority (FSRA) recently recognized RLUSD as an “Accepted Fiat‑Referenced Token”, approving its use within the Abu Dhabi Global Market (ADGM), the UAE’s international financial center. This recognition strengthens RLUSD’s profile as a cross‑border, institution‑friendly stablecoin at a time when broader crypto markets remain volatile but stablecoin usage and market caps continue to climb, especially on major smart‑contract networks. "entities":["Ripple","Ripple USD (RLUSD)","Standard Custody & Trust Company","New York Department of Financial Services (NYDFS)","Abu Dhabi Global Market (ADGM)","Financial Services Regulatory Authority (FSRA)","Ethereum (ETH)","XRP Ledger (XRPL)","XRP","BNY Mellon","Deloitte","Tether (USDT)","USD Coin (USDC)","PayPal USD (PYUSD)"]}'}]}Note: The above appears corrupted. Here is the corrected JSON:response {"brief":"Ripple’s U.S. dollar–pegged stablecoin Ripple USD (RLUSD) has surpassed $1 billion in supply on Ethereum alone, less than a year after launch, underscoring rapid adoption for a highly regulated, compliance-focused asset. According to crypto.news, RLUSD’s Ethereum supply crossed about $1.026 billion on Nov. 28, while its combined supply on Ethereum and the XRP Ledger reached roughly $1.261 billion amid growing demand for regulated stablecoins. RLUSD was launched in December 2024 as a fiat‑backed stablecoin issued by Standard Custody & Trust Company, a New York–chartered trust company affiliated with Ripple and overseen by the New York Department of Financial Services (NYDFS). The token is natively issued on both Ethereum and the XRP Ledger, with reserves held in U.S. dollar deposits, short‑dated U.S. Treasuries, and cash equivalents, and is designed for fast, low‑cost payments and integration into DeFi. From a base of around $100 million in circulation in early 2025, RLUSD has grown into a multi‑billion‑dollar asset by mid‑2026, making it one of the larger regulated dollar tokens, although still far behind incumbents like USDT and USDC. A key driver of the latest milestone is RLUSD’s regulatory positioning. In addition to its NYDFS‑linked issuance structure, Abu Dhabi’s Financial Services Regulatory Authority (FSRA) recently recognized RLUSD as an “Accepted Fiat‑Referenced Token”, approving its use within the Abu Dhabi Global Market (ADGM), the UAE’s international financial center. This recognition strengthens RLUSD’s profile as a cross‑border, institution‑friendly stablecoin at a time when broader crypto markets remain volatile but stablecoin usage and market caps continue to climb, especially on major smart‑contract networks.","entities":["Ripple","Ripple USD (RLUSD)","Standard Custody & Trust Company","New York Department of Financial Services (NYDFS)","Abu Dhabi Global Market (ADGM)","Financial Services Regulatory Authority (FSRA)","Ethereum (ETH)","XRP Ledger (XRPL)","XRP","BNY Mellon","Deloitte","Tether (USDT)","USD Coin (USDC)","PayPal USD (PYUSD)"]}

✨ AI-generated background, compiled from web sources — not editorial content.

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