RLUSD reaches $1.54B market cap

Ripple’s RLUSD stablecoin has grown to about $1.60 billion in market value, up sharply since Ripple launched it on December 17, 2024. (coinmarketcap.com) (ripple.com) CoinMarketCap listed RLUSD at a $1.603 billion market cap on April 27, 2026, with about 1.603 billion tokens in circulation and a price near $1.00. (coinmarketcap.com) Ripple’s own transparency page says RLUSD is backed 1:1 by cash deposits, U.S. Treasuries, and cash equivalents, with third-party reserve attestations published monthly. (ripple.com 1) (ripple.com 2) The latest reserve disclosure on Ripple’s site said RLUSD had roughly $1.57 billion in reserves in late March 2026, following February figures that showed about 1.495 billion tokens outstanding. (ripple.com) A stablecoin is a crypto token designed to hold a fixed price, usually $1, by keeping reserve assets that can be used to meet redemptions. RLUSD is issued on both the XRP Ledger and Ethereum. (ripple.com) Ripple has been building the institutional rails around that token for two years. It completed its Standard Custody acquisition on June 11, 2024, adding a regulated trust company to its stablecoin push. (ripple.com) Ripple then announced a $1.25 billion deal for prime broker Hidden Road on April 8, 2025, saying RLUSD would be used as collateral across digital-asset and traditional-market workflows. (ripple.com) After the deal closed, Ripple said Hidden Road had become Ripple Prime and that the business had grown threefold since the acquisition was announced. (ripple.com) Ripple has also tied RLUSD directly to its payments business. On April 2, 2025, the company said RLUSD was being integrated into Ripple Payments and had neared $250 million in market capitalization. (ripple.com) What is verified today is the token’s supply, reserve reporting, launch date, and Ripple’s completed acquisitions. Claims about future depositary-receipt pathways or broader securities-market integration are harder to confirm from primary public filings now. (ripple.com) (dtcc.com 1) (dtcc.com 2) For now, the clearest signal is simpler: RLUSD has moved from a new Ripple product in December 2024 to a roughly $1.6 billion stablecoin backed by monthly attestations and a growing institutional distribution network. (ripple.com) (coinmarketcap.com)