Ripple Labs’ RLUSD stablecoin is close to a $900 million market cap, according to its October 2025 attestation report.
The report confirms that reserves exceed the total supply, showing strong backing as Ripple expands its partnerships and connects RLUSD more closely with XRP.
RLUSD Report Shows Full Reserve Backing
Ripple has released its October attestation report for RLUSD, its U.S. dollar–backed stablecoin.
The report, prepared by an independent certified public accountant in the United States, shows that the circulating supply is $898.5 million.
This is supported by $939.7 million in reserve funds. The review was completed on October 23, 2025.
Still, the attestation follows professional accounting standards set by the American Institute of Certified Public Accountants.
It confirms Ripple’s statement that each RLUSD token is fully backed by real assets held in reserve.
Ripple noted that the monthly reviews are meant to provide transparency and trust for users.
Similarly, the company also announced several updates. More than $1.5 million in University Blockchain Research Initiative grants have been renewed and will be funded entirely in RLUSD.
In addition, the digital asset platform Brale has launched RLUSD issuance on the XRP Ledger.
This gives businesses the ability to issue their own USD-backed stablecoins and settle transactions using RLUSD.
Ripple has also completed the purchase of prime brokerage firm Hidden Road, now renamed Ripple Prime.
According to the company, clients of Ripple Prime are already using RLUSD as collateral or holding balances in the stablecoin.
These steps show how Ripple is trying to make RLUSD a regular part of its financial products and services.
Market Activity and Circulating Supply
Notably, RLUSD continues to show stable performance in the market. The latest data places its market cap at about $897.97 million.
As of writing, the token trades at $0.9994, which remains close to its one-dollar peg. Daily trading volume has reached $103.69 million, up 22.72% from earlier figures.
Total and circulating supply both stand at 898.49 million RLUSD, with no fixed maximum limit.
The token’s volume-to-market-cap ratio of 11.54% suggests steady activity among traders.
There are now about 5,870 holders of the stablecoin, showing gradual growth in adoption.
Ripple’s approach to keeping RLUSD transparent and backed by reserves has helped it maintain user confidence.
Analysts note that its consistent audits and clear reporting could help strengthen the stablecoin’s position among other major dollar-backed tokens.
RLUSD’s integration across Ripple’s financial network might also increase its use among institutions that seek stable and easily transferable digital assets.
Ripple Connection and Network Benefits
Ripple Labs continues to build links between RLUSD and XRP. By using the XRP Ledger, RLUSD transactions can settle quickly and at a low cost.
Basically, this connection could make both assets more useful for payments and liquidity management.
Market watchers have also noted XRP’s relative strength index, which sits in the mid-60s range.
This level is considered neutral but slightly leaning toward a positive trend. As of writing, it is trading at $2.55.
Traders are watching to see if XRP can break through key resistance points as RLUSD activity increases on the same network.
The growing link between RLUSD and XRP shows Ripple’s plan to create a more connected payment system.
RLUSD provides a stable digital currency option, while XRP supports fast cross-border transfers.
The digital assets could make Ripple’s network more appealing to businesses looking for secure and efficient payment tools.
It is important to add that as Ripple expands its partnerships and continues monthly attestation reports, RLUSD appears to be finding its place in the market.
The stablecoin’s verified reserves and connection to XRP may help strengthen Ripple’s broader goal of building trust in digital assets backed by transparent and reliable systems.
Source: https://www.thecoinrepublic.com/2025/10/30/ripple-news-stablecoin-rlusd-on-the-verge-of-900m-market-cap/
