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.
$1.53B 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 73s 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 hours (rolling)What do these numbers mean?These four cells show the last 24 hours on a rolling window ending right now — the number rolls forward continuously as new blocks land, not at midnight UTC. The dated history rows below use a different, complementary semantic: each row is one UTC calendar day. Same underlying source (Etherscan on the Ethereum side, the XRPL directly on the other) — different clock. Correction (2026-07-17, ETH side fixed 2026-07-18): the mint/burn detection here was previously reporting $0 due to bugs. On Ethereum, public RPC providers tightened their eth_getLogs block-range limits below our chunk size and the walker silently swallowed the errors as $0; that path is now retired in favor of Etherscan V2 tokentx (same source the contract link above resolves to). On XRPL, our Payment-only sweep against the RLUSD issuer missed the actual supply-change path — the XRPL side still shows "—" pending the corrected detection logic (Option A, in progress). The live supply totals on the orbs above were unaffected throughout — those come from totalSupply() on Ethereum and gateway_balances on XRPL.
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.”
Aviva Investors × Ripple — exploring fund tokenization on XRPL · 2026-02-11
Aviva Investors, the global asset management business of Aviva plc,
and Ripple announced a partnership with the intention of tokenising
traditional fund structures on XRPL — Ripple’s first collaboration
with an investment management business based in Europe. Aviva Investors’
Chief Distribution Officer, Jill Barber, said: “We’re really
delighted to announce our collaboration with Ripple, and we look forward
to working closely with the team to explore tokenising solutions.”
Ripple’s VP Trading and Markets, Nigel Khakoo, framed it as
“tokenisation moving from experimentation to large-scale
production,” citing the XRPL’s “built-in compliance tools,
near-instant settlement, and native liquidity.” Both parties described
a “shared long-term vision” running “over 2026 and beyond.”
No tokens have been issued on XRPL yet — this is an announced
partnership to develop tokenization, not a deployed product.
Société Générale-FORGE launched its MiCA-compliant euro stablecoin
EUR CoinVertible (EURCV) on XRPL — the third chain after Ethereum
and Solana at the time of launch. SG-FORGE described it as
“supported by Ripple’s custody solution,” with planned
use as Ripple-product collateral and trading collateral. Ripple’s
MD UK & Europe, Cassie Craddock, called SG-FORGE “a pioneer
amongst European institutions when it comes to building out a
market-leading crypto-assets offering.” On-chain footprint: issuer
rUNa…ut4UL,
10M EURCV currently issued per gateway_balances.
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.”
Gate listed RLUSD on June 15, 2026 at 09:00 UTC with four spot pairs:
BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT, alongside a 750,000
RLUSD market incentive program. Gate is the second major exchange to
launch RLUSD with a direct XRP pair, following OKX in April 2026.
Ripple × Flutterwave Series E — RLUSD integration announced · 2026-06-16
Ripple made a strategic investment in Flutterwave’s Series E funding
round (valuation $3.2B), announced June 16, 2026. As part of the
partnership, RLUSD is to be embedded into Flutterwave’s payment rails
and Send App remittance corridors as a primary settlement asset for
high-volume channels, with the XRP Ledger named for transaction
clearing. Flutterwave is Africa’s largest payment processor; the
partnership is geographically anchored on Nigeria. Ripple’s specific
investment amount was not disclosed. RLUSD integration is announced,
not yet confirmed operational.
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.