RLUSD Just Crossed $1.6 Billion Market Cap: Here’s Why It’s Not Helping XRP

Sam Daodu

Tue, May 26, 2026 astatine 5:49 AM CDT 6 min read

Quick Read

• RLUSD has grown from $132 cardinal to implicit $1.6 cardinal successful marketplace headdress since its December 2024 launch. But XRP’s lone relation crossed each that enactment is collecting 0.00001 XRP per transaction successful web fees.

• Ripple closed 10 large deals successful 2026, and not a azygous 1 utilized XRP arsenic the colony asset.

• Five XRP ETFs person pulled successful $1.41 cardinal successful cumulative inflows since precocious 2025. Goldman Sachs has already exited its position, and XRP is inactive down much than 40% connected the year.

• The expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks. Get them present FREE.

Ripple's RLUSD stablecoin has crossed a $1.6 cardinal marketplace cap, making it 1 of the fastest-growing stablecoins successful the marketplace since its December 2024 launch. Its expanding stock of colony enactment connected the XRP Ledger suggests RLUSD is uncovering genuine usage beyond its aboriginal adopter base.

Despite RLUSD's accelerated growth, astir nary of it is flowing into XRP (CRYPTO: XRP) itself. More enactment connected the XRP Ledger does not automatically construe into much request for the token, and XRP holders are feeling that sting arsenic RLUSD continues to grow.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks. Get them present FREE.

RLUSD Is Growing But XRP Is Missing Out

The maturation successful RLUSD's marketplace headdress from $132 cardinal a twelvemonth agone to implicit $1.6 cardinal contiguous is real, with astir $370 cardinal added to its circulating proviso successful April alone. Token Terminal information shows RLUSD transportation measurement deed $18.4 cardinal successful Q1 2026, the highest 4th connected record, with much than 55% of that enactment occurring successful March.

The stablecoin present holds 88% of each stablecoin liquidity connected the XRP Ledger, handling colony portion XRP pays the transaction interest of 0.00001 XRP per transaction. Even crossed SWIFT-level volumes, that interest pain amounts to a negligible fraction of XRP's circulating supply, acold excessively small to tighten proviso oregon propulsion the terms higher.

OKX besides listed RLUSD crossed much than 280 trading pairs successful precocious April and accepted it arsenic institutional-grade borderline collateral, with Bullish, the second-largest crypto-settled derivatives marketplace by unfastened interest, doing the aforesaid that day. RLUSD has present earned borderline collateral presumption connected 2 regulated exchanges, putting it successful the aforesaid hazard tier arsenic USDT and USDC, yet XRP was not portion of either deal.

Every Major Ripple Deal In 2026 Runs Through RLUSD, Not XRP

Ripple has signed 10 large partnerships successful 2026, including Deutsche Bank, Société Générale, JPMorgan, and Mastercard's $9 trillion outgo network. None of those deals created nonstop XRP demand—seven settled successful stablecoins connected the XRP Ledger, and 3 did not interaction it astatine all.