Ripple USD (RLUSD), Ripple’s dollar-linked stablecoin, reached approximately $2.4 billion in market capitalization after rising more than 50% in a month, while average daily activity more than tripled since the start of the year. An independent August attestation recorded 2,325,969,308 outstanding tokens and $2,446,312,864 in reserve assets on Aug. 31, leaving about $120.3 million of excess backing. Ripple’s Sept. 24 transparency figures showed $2.409 billion in circulation against $2.5315 billion in backing assets. The token’s supply was previously reported at about $2.44 billion, split between roughly $1.37 billion on Ethereum and $1.05 billion on the XRP Ledger. Separately, CoinMarketCap data cited in the existing record placed total supply at 2,520,234,035.02 RLUSD and market capitalization at $2,520,303,254.33 on Sept. 30, with $253.5 million in 24-hour trading volume and more than 12,650 holders. RLUSD/USDS processed more than $600 million in its first week on Spark’s Stablecoin FX Layer on Uniswap v4. RippleX also updated its XRP Ledger AI Starter Kit to support the Machine Payments Protocol, enabling one-time payments by AI agents using XRP or issuer-created tokens such as RLUSD. RLUSD is issued by Standard Custody & Trust Company, a Ripple subsidiary supervised by the New York State Department of Financial Services under a state trust charter, with reserves required to remain separate from the company’s property.