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RLUSD Reaches Major Milestone on Ethereum
Ripple’s compliant stablecoin RLUSD has crossed a key threshold on the Ethereum network, with supply on-chain surpassing $1.026 billion as of November 28, 2025. Including balances on both Ethereum and XRP Ledger (XRPL), RLUSD’s combined market supply now stands at approximately $1.261 billion — a remarkable ascent in less than a year since the token launched in December 2024.
The surge highlights growing demand for regulated, fiat-referenced tokens as traders and institutions seek stability amid broad crypto market volatility. RLUSD’s rapid adoption has positioned it among the fastest-growing stablecoins on Ethereum, reflecting the broader trend of institutional interest in compliant digital cash alternatives.
Ripple USD on Ethereum and XRP chains pie chart, displaying its market cap
Compliance and Custody Drive Institutional Confidence
RLUSD is issued under the oversight of Standard Custody & Trust Company, a New York-chartered trust affiliated with Ripple. That custody structure, combined with a compliance-first approach, has made RLUSD particularly appealing to institutional counterparties and regulated market participants who prioritize custody safeguards and transparency.
Unlike some algorithmic or unregulated stablecoins, RLUSD’s model ties the token to established custody and trust frameworks. This helps market participants manage counterparty risk and aligns with the increasing regulatory scrutiny around stablecoin issuance and reserve reporting.
Regulatory Recognition in Abu Dhabi
On November 27, RLUSD secured a notable regulatory endorsement when Abu Dhabi’s Financial Services Regulatory Authority (FSRA) classified it as an Accepted Fiat-Referenced Token. This designation permits RLUSD’s use inside the Abu Dhabi Global Market (ADGM), reinforcing Ripple’s strategy to expand regulated stablecoin access across the Middle East.
Jack McDonald, Ripple’s Senior Vice President of Stablecoins, said the FSRA recognition underscores the company’s emphasis on regulatory alignment and trust — critical attributes for institutional finance and regional market adoption.
Strategic Expansion in MENA and Ecosystem Partnerships
Regulatory approvals in the UAE form part of Ripple’s broader push into the Middle East and Africa. Ripple recently announced a strategic collaboration with Bahrain Fintech Bay to support fintech development and accelerate crypto infrastructure in the region. Combined with RLUSD’s on-chain growth, these moves signal Ripple’s intent to make compliant stablecoins a core instrument for regional liquidity, payments, and DeFi use cases.
As stablecoin adoption continues to climb, market participants and observers will be watching whether RLUSD can maintain momentum, demonstrate robust reserve practices, and further integrate with exchanges, DeFi platforms, and regulated financial services globally.
Source: crypto
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