RLUSD is a stablecoin that lives on two networks at once — Ethereum and
the XRP Ledger. Each circle below is the supply on that chain. Watch
new dollars appear, old ones disappear, and money cross between them.
Live feed unavailable.
The supply totals above may be a few minutes stale while we reconnect.
LIVE vs SIMLIVE: the visualization animates only when real on-chain events happen — and those are rare (Ripple treasury mints and burns might only fire a few times a week), so most of the time it will look quiet. SIM: injects fake animation events so you can preview what mints, burns, and bridge transfers look like. Sim events are visual only — they do not touch the supply totals, the 24-hour counters, or the event log.
$1.75B RLUSD circulating
How to read this visualEach glowing circle is the live supply of RLUSD on that chain — Ethereum on the left, the XRP Ledger on the right. The size of the circle is proportional to how much RLUSD lives there. A green spark falling in means new RLUSD was just created on that chain (a "mint"). A red spark rising up means RLUSD was just removed from circulation (a "burn"). A cyan comet flying between the two circles is RLUSD being bridged from one chain to the other. Bigger sparks mean bigger amounts.
across Ethereum and the XRP Ledger
Live · updated 120s ago
new RLUSD createdRLUSD removedmoved between chains
simulated stream
——
Multi-chain roadmap
Base · testingOptimism · testingUnichain · testingInk · testing
Wormhole NTT testing in progress. Public rollout pending NYDFS approval.
See methodology.
Activity · last 24 hoursWhy is this usually $0?Mints and burns are when Ripple itself creates new RLUSD or pulls it out of circulation — treasury operations, not user transfers. These events are genuinely rare (often only a handful per week), so this row reads $0 most of the time. That is accurate, not a bug. The live supply totals on the orbs above are pulled directly from Ethereum and the XRP Ledger every 5 minutes by a background walker; the page reads the latest cached values from Postgres.
Mastercard credit-card settlement pilot · 2025-11-05
Ripple announced a collaboration with Mastercard, WebBank, and Gemini
to use RLUSD on the XRP Ledger for stablecoin settlement of fiat card
transactions — settling the Gemini Credit Card issued by WebBank.
Ripple framed it as the XRPL becoming “the backbone for these and
other institutional use cases that are transforming how financial services
operate.”
OKX listed RLUSD across 280+ spot pairs (including XRP/RLUSD) and added it
as institutional-grade margin collateral for derivatives, including
perpetual futures where available. RLUSD has surpassed $1.5B in market
capitalization since launching in December 2024.
Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple completed the
first near real-time cross-border, cross-bank redemption of a tokenized
U.S. Treasury fund. Ripple redeemed a portion of its OUSG (Ondo
Short-Term U.S. Government Treasuries) holdings on XRPL; the asset leg
processed in “under five seconds” on XRPL, while Kinexys
settled U.S. dollar proceeds to Ripple’s bank account in Singapore
via correspondent banking. Ondo’s Ian De Bode called it
“the first time tokenized U.S. Treasuries have settled across
borders and banks in near real time and outside traditional banking
windows.”
Mastercard announced plans to expand card settlement with
“intraday, weekend and holiday” on-chain options using
regulated stablecoins. RLUSD on XRPL is among the supported
pairings — one of six stablecoins (Circle’s USDC, Paxos’s
PYUSD / USDG / USDP, Ripple’s RLUSD, SoFi’s SoFiUSD) across
eight chains (Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo,
XRPL). The initial named partners (ARQ, CBW Bank, Cross River, Lead Bank,
Nuvei) are not XRPL-anchored institutions. Ripple’s SVP Stablecoins,
Jack McDonald, framed RLUSD’s inclusion as reflecting “growing
demand for trusted, regulated stablecoins built for real-world financial
use cases on public blockchains like the XRP Ledger.”
Most-recent RLUSD activity on either chain. Mints
and burns are rare treasury actions at the issuer;
transfers move RLUSD between Ethereum holders;
trades are XRPL DEX orders involving RLUSD.
Ethereum contract
0x8292…17eD
· XRPL issuer
rMxC…m5De
Supply data archived daily since 2026-05-25. Verifiable history at
/snapshots.