Ripple Labs’ RLUSD stablecoin is approaching a $900 million market capitalization, as indicated by its October 2025 attestation report. The report confirms that the reserves backing the stablecoin exceed its total circulating supply, demonstrating strong financial backing as Ripple continues to expand its partnerships and integrate RLUSD more closely with XRP.
RLUSD Report Shows Full Reserve Backing
Ripple has published its October attestation report for RLUSD, its stablecoin pegged to the U.S. dollar. This report was prepared by an independent certified public accountant in the United States.
The report reveals that the circulating supply of RLUSD stands at $898.5 million. This supply is supported by reserve funds totaling $939.7 million. The independent review was completed on October 23, 2025.
The attestation adheres to professional accounting standards established by the American Institute of Certified Public Accountants. It serves to validate Ripple’s assertion that every RLUSD token is fully backed by tangible assets held in reserve. Ripple has stated that these monthly reviews are implemented to foster transparency and build trust among users.
In parallel with the attestation report, Ripple has announced several significant updates. Over $1.5 million in grants from the University Blockchain Research Initiative have been renewed, and these will be funded entirely using RLUSD. Furthermore, the digital asset platform Brale has initiated RLUSD issuance on the XRP Ledger. This development empowers businesses to issue their own USD-backed stablecoins and to settle transactions using RLUSD.
Ripple has also finalized the acquisition of the prime brokerage firm Hidden Road, which has been rebranded as Ripple Prime. According to Ripple, clients of Ripple Prime are already utilizing RLUSD as collateral and holding balances in the stablecoin. These strategic moves underscore Ripple's commitment to integrating RLUSD as a fundamental component of its financial products and services.
Market Activity and Circulating Supply
RLUSD has demonstrated consistent performance in the market. Current data indicates its market capitalization is approximately $897.97 million. At the time of reporting, the token is trading at $0.9994, maintaining its close peg to the one-dollar mark. The daily trading volume has reached $103.69 million, representing a 22.72% increase from previous figures.
Both the total and circulating supply of RLUSD are currently 898.49 million tokens, with no predefined maximum supply limit. The token’s volume-to-market-cap ratio, standing at 11.54%, suggests robust trading activity among market participants. The stablecoin currently has around 5,870 holders, indicating a steady increase in its adoption.
Ripple's dedication to maintaining transparency and ensuring RLUSD is fully backed by reserves has been instrumental in preserving user confidence. Analysts suggest that the stablecoin's regular audits and clear reporting practices could significantly bolster its standing among other major dollar-backed tokens. The ongoing integration of RLUSD across Ripple's financial network is also expected to drive its adoption among institutions seeking stable and easily transferable digital assets.
Ripple Connection and Network Benefits
Ripple Labs is actively strengthening the connection between RLUSD and XRP. By leveraging the XRP Ledger for RLUSD transactions, settlements can be executed rapidly and at minimal cost. This integration is anticipated to enhance the utility of both assets for payment processing and liquidity management.
Market observers have noted XRP's relative strength index, which is currently in the mid-60s range. This level is considered neutral, though it leans slightly towards a positive trend. XRP is trading at $2.55 as of this report. Traders are closely monitoring whether XRP can surpass key resistance levels, especially as RLUSD activity on the same network continues to grow.
The increasing synergy between RLUSD and XRP highlights Ripple’s strategic vision for developing a more interconnected payment system. RLUSD offers a stable digital currency solution, while XRP facilitates swift cross-border transfers. Together, these digital assets are poised to make Ripple's network more attractive to businesses seeking secure and efficient payment solutions.
As Ripple continues to expand its network of partnerships and maintain its monthly attestation reports, RLUSD appears to be solidifying its position in the market. The stablecoin's verified reserves and its integration with XRP are expected to reinforce Ripple's overarching objective of fostering trust in digital assets through transparent and reliable systems.