Ripple reported $2,395.6 million in circulating RLUSD as of September 3, 2026, a figure commonly rounded to $2.4 billion. The disclosure records outstanding supply on that date but does not establish when circulation first crossed the threshold. DeFiLlama later showed roughly 2.42 billion RLUSD in circulation on September 12, with about 1.37 billion on Ethereum and 1.05 billion on the XRP Ledger. On September 11, Ripple minted 10 million RLUSD on the XRP Ledger, whose circulating balance was listed at $1,053,014,745. The issuance followed uneven September activity: $143.1 million was minted and $7.2 million burned on September 1; on September 10, no RLUSD was minted on either network, while $1.5 million was burned on the XRP Ledger and $15 million on Ethereum. Ripple separately reported $2,517.7 million in reserve funds as of September 3. RLUSD is designed to maintain a one-dollar value, backed by segregated cash and cash-equivalent reserves and redeemable 1:1 for dollars. Its expansion also includes Uniswap V4 trading activity, Clearpool’s planned move from Ethereum to the XRP Ledger, and an institutional credit fund with Cicada Partners that will use RLUSD exclusively for settlements and payouts. Circulation, market capitalization and trading volume measure different aspects of the asset and should not be treated as interchangeable.