Ripple’s regulated stablecoin RLUSD has crossed the $1 billion circulating-supply mark on the Ethereum network, marking its strongest phase of adoption since launch. The milestone comes immediately after a major regulatory win in the Middle East, which opened the door for institutional usage across one of the world’s fastest-growing financial hubs.
RLUSD, @Ripple's U.S. dollar stablecoin, just surpassed $1 billion in market cap on Ethereum.
That’s 38.8% growth in the last month, making it one of the fastest-growing stablecoins.
Source: @DefiLlamapic.twitter.com/Z5ufP4AmBK
— Sentora (previously IntoTheBlock) (@SentoraHQ) November 27, 2025
Abu Dhabi Approval Unlocks Institutional Demand
On November 27, 2025, the Abu Dhabi Global Market’s Financial Services Regulatory Authority officially designated RLUSD as an “Accepted Fiat-Referenced Token.” This recognition allows banks, fintechs, and licensed financial institutions in the region to use RLUSD for settlements, collateral, liquidity operations, and enterprise payment flows.
The approval adds to Ripple’s regulatory foundation, which already includes oversight from its New York trust charter, strengthening RLUSD’s position as a compliant, institution-ready stablecoin.
Ethereum Becomes the Growth Engine
Although RLUSD is native to the XRP Ledger, Ethereum has become the stablecoin’s largest liquidity base.
More than $1 billion of RLUSD’s total supply now circulates on Ethereum, driven by:
- •integrations across DeFi platforms
- •deep liquidity pools
- •cross-chain bridges boosting RLUSD mobility
This shift reflects a strong preference among institutions and traders for Ethereum’s mature DeFi infrastructure.
Growing Adoption Across Institutions and DeFi
The rapid supply expansion signals rising demand from:
- •institutional players using RLUSD for settlements and treasury management
- •DeFi users leveraging the stablecoin for swaps and liquidity
- •enterprises seeking a regulated alternative backed by cash and U.S. Treasuries
RLUSD now stands among the industry’s fastest-growing regulated stablecoins, trailing only giants like USDT and USDC, but rapidly closing the gap as adoption spreads across both traditional finance and DeFi ecosystems.