Ripple’s RLUSD Stablecoin Surpasses $1 Billion in Circulating Supply After Abu Dhabi Approval
Ripple has announced that its regulated USD‑pegged stablecoin, RLUSD, has crossed the $1 billion mark in circulating supply on the Ethereum network. The milestone was reached shortly after the stablecoin received regulatory approval in the Abu Dhabi Global Market (ADGM), giving it a legal framework for institutional use in one of the fastest‑growing financial hubs in the Middle East.
Key Points
| Item | Detail |
|---|---|
| Stablecoin | RLUSD (Ripple’s regulated USD‑pegged stablecoin) |
| Platform | Ethereum (also reported on XRP Ledger) |
| Circulating Supply Milestone | $1 billion (reported by cryptopanic.com and crypto‑news‑flash.com) |
| Regulatory Approval | Granted by ADGM, enabling regulated financial use in the UAE (cryptovalleyjournal.com, cryptopanic.com) |
| Market Impact | RLUSD has become the most heavily adopted phase of the stablecoin since its launch in December 2024 |
| Supply Across Chains | $1.026 billion on Ethereum; $1.26 billion across Ethereum and XRPL (crypto‑news‑flash.com) |
| Institutional Interest | The approval signals that institutional participants can now engage with RLUSD in a regulated environment, potentially driving further liquidity and usage |
| Ripple’s Position | The company positions RLUSD as a key component of its strategy to expand into institutional markets and the Middle East region |
Contextual Developments
- XRP Price Movement – Despite a 3 % rise on November 28, XRP has formed a death‑cross pattern on the daily chart, indicating potential downside risk (coingape.com). Whale activity has continued to dump XRP, adding pressure to the token’s price.
- ETF Activity – Bitwise has overtaken Franklin Templeton as the leading XRP ETF, coinciding with the minting of over 100 million RLUSD on the XRP Ledger (cryptopanic.com).
- Regional Expansion – Multiple reports (cryptopanic.com, zycrypto.com, coincu.com) emphasize the significance of the Abu Dhabi approval, describing it as a game‑changing step for Ripple’s presence in the UAE and broader Middle East.
Implications for Stakeholders
- Institutional Investors – The regulatory green light allows institutional players to transact with RLUSD under clear legal parameters, potentially increasing demand and liquidity.
- Market Liquidity – A circulating supply exceeding $1 billion suggests robust adoption and may improve price stability for RLUSD relative to other stablecoins.
- Ripple’s Strategic Position – Successful regulatory compliance in a key region reinforces Ripple’s global strategy to position RLUSD as a preferred stablecoin for cross‑border payments and institutional settlement.
Conclusion
Ripple’s RLUSD stablecoin has achieved a significant supply milestone, driven by recent regulatory approval in Abu Dhabi. This development is expected to accelerate institutional adoption, enhance liquidity, and solidify Ripple’s role in the evolving regulated stablecoin market.
