CoinDesk: RLUSD market cap reached $2.37 billion in September, XRPL on-chain supply surpassed Ethereum for the first time
Source：
x.com
According to CoinDesk research data, the market capitalization of Ripple's USD stablecoin RLUSD reached $2.37 billion in September 2026. Data shows that in June this year, the RLUSD supply on the XRP Ledger (XRPL) network surpassed Ethereum for the first time, accounting for 52% of the total supply, while the Ethereum network accounted for 48%. This shift indicates that RLUSD liquidity is increasingly moving toward Ripple's native settlement infrastructure, XRPL.
