According to BlockBeats news, on September 28, the supply of Ripple's stablecoin RLUSD recently hit a new high, with a market value reaching approximately US$2.491 billion, an increase of more than 86% from US$1.336 billion at the beginning of 2026. It is currently only about US$248 million away from the market value of PayPal's PYUSD of approximately US$2.739 billion.
Data shows that RLUSD supply increased by approximately $112 million over the past week, while PYUSD decreased by approximately $61 million. The supply of PYUSD at the beginning of this year was approximately US$3.531 billion. It once reached a peak of US$4.214 billion on March 5 and is currently down by approximately 35% from the peak.
From the perspective of the issuance network, between September 21 and 28, the supply of RLUSD on XRP Ledger increased from US$1.036 billion to US$1.099 billion, an increase of approximately US$63 million; the supply on Ethereum increased from US$1.343 billion to US$1.392 billion, an increase of approximately US$49 million. XRP Ledger currently accounts for approximately 44% of the total RLUSD supply, and Ethereum accounts for approximately 56%.
The current total market value of global stablecoins is approximately US$306 billion, and RLUSD still accounts for a small share. Ripple has recently continued to promote the application of RLUSD on XRP Ledger, including scenarios such as institutional lending.