Ripple’s RLUSD Stablecoin Just Hit a Huge Milestone on Ethereum
Ripple’s stablecoin RLUSD just crossed a big line — it officially passed $1 billion in supply on the Ethereum network. And the crazy part? It reached this level in less than a year since launching.
While crypto markets are jumping up and down with volatility, stablecoins keep quietly growing. On November 28, RLUSD’s supply on Ethereum alone climbed past $1.026 billion, making it one of the fastest-growing stablecoins out there.
When you combine the supply on Ethereum (ETH) and XRPL, RLUSD’s total supply now sits at around $1.261 billion. People are clearly looking for stablecoins that are well-regulated and trustworthy — and RLUSD seems to be filling that gap.
One thing that makes RLUSD stand out is how it was built. It’s issued by Standard Custody & Trust Company, a New York-chartered trust company that’s connected to Ripple. From day one, RLUSD pushed for compliance and transparency, which makes it especially appealing to institutional investors who don’t want surprises.
Regulatory Win in Abu Dhabi
RLUSD also scored a major approval in the UAE. On November 27, the Financial Services Regulatory Authority in Abu Dhabi officially recognized RLUSD as an Accepted Fiat-Referenced Token. In simple terms, regulators gave RLUSD the green light to be used inside the Abu Dhabi Global Market, one of the region’s key financial hubs.
Jack McDonald, Ripple’s Senior Vice President of Stablecoins, said the approval shows how serious Ripple is about “regulatory compliance and trust” — two things big financial players won’t compromise on.
This move is part of Ripple’s larger push into the Middle East and Africa, where interest in blockchain and digital assets has been growing fast. Ripple also recently teamed up with Bahrain Fintech Bay, the country’s main fintech incubator, to help strengthen Bahrain’s crypto ecosystem.
