Ripple’s RLUSD Storms Past $2 Billion, But Questions…

Ripple 's dollar-pegged stablecoin RLUSD crossed $2 billion in market capitalization during the week of August 18, with close to $1 billion of that supply issued directly on the XRP Ledger. The token, launched in December 2024 under a New York Department of Financial Services trust charter, reached the milestone in under two years. Nearly Half the Supply Sits on XRP Ledger Circulating supply…