Ripple's RLUSD Stablecoin Raises Questions About XRP's Utility
A $110 million RLUSD mint on the XRP Ledger has reignited debate about the relationship between Ripple's stablecoin and XRP.
A $110 million RLUSD mint on the XRP Ledger has reignited debate about the relationship between Ripple's stablecoin and XRP. XRP (XRP) is trading at R$6,96 ($1.28), up 1.6% since this brief published. This is an original Criptano brief synthesising 4 outlets (CaptainAltcoin, Bitcoin.com, U.Today, and others), with their figures cross-checked, plus live market data, as of Tue, 03 Nov 2026 13:00:01 UTC.
The rapid growth of RLUSD, a dollar-backed stablecoin on the XRP Ledger, raises questions about whether it could reduce institutional reliance on XRP for payments and settlements. This dynamic could impact XRP's long-term utility and demand.
- Ripple minted $110 million RLUSD on the XRP Ledger on November 2nd.
- Binance restored RLUSD withdrawals after a $6.3 billion hack.
- RLUSD circulating supply is now $2.55 billion according to DeFiLlama.
- The development raises concerns about XRP's future utility in institutional payments.
Multiple outlets, including Bitcoin.com, U.Today, and Decrypt, confirm that Ripple minted $110 million RLUSD on the XRP Ledger on November 2nd, shortly before Binance resumed RLUSD withdrawals following its $6.3 billion hack. However, CaptainAltcoin and Bitcoin.com provide the most detailed coverage of the potential implications for XRP's utility, while Decrypt focuses on the broader context of the Binance hack and associated losses. The exact relationship between RLUSD and XRP's utility remains a point of debate among commentators.
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- Ripple Swell 10 Anos: CEO Brad Garlinghouse Anuncia Novas Parcerias e Expansão do RLUSD
- Coinbase e Ripple expandem parceria com lançamento USD stablecoin
- Ripple Aproxima-se de Receita Anual de US$900 Milhões com Crescimento do RLUSD
- Ripple's RLUSD Emerge como o Stablecoin de Crescimento Mais Rápido com $1B em Entradas Líquidas
- Ripple's RLUSD Stablecoin Raises Questions About XRP's Utility — this brief
Ripple's recent $110 million mint of its dollar-backed stablecoin RLUSD on the 
XRP Ledger has sparked renewed discussion about the relationship between the two assets. According to 
Bitcoin.com and U.Today, this significant transaction occurred on November 2nd, just hours before Binance reinstated withdrawals for RLUSD following its major security breach.
The minting of such a large amount of RLUSD in a single transaction has raised questions about the potential impact on XRP's role in Ripple's ecosystem. As reported by CaptainAltcoin, some critics argue that the growing adoption of RLUSD could reduce the need for XRP in institutional payments and settlements. This debate is not new, but the recent minting activity has brought it back into focus.
Attorney and XRP commentator Bill Morgan has responded to these concerns, highlighting what he sees as inconsistencies in the criticism. According to CaptainAltcoin, Morgan argues that the criticism fails to acknowledge the complementary nature of RLUSD and XRP, suggesting that the two assets can coexist and even support each other's growth.
The XRP Ledger has become a significant platform for stablecoin issuance, with RLUSD's circulating supply now standing at $2.55 billion according to DeFiLlama. This figure underscores the growing importance of the XRP Ledger in the stablecoin market, which could have implications for XRP's role in Ripple's broader strategy.
In the broader market context, the total cryptocurrency market cap is currently $2.65 trillion, with Bitcoin trading at $37,400, down 1.10% in the last 24 hours. XRP itself is priced at $1.26, showing a modest 0.61% gain over the same period. The Fear & Greed Index remains at 26, indicating a 'Fear' sentiment in the market.
The development highlights the evolving landscape of digital assets and the potential for stablecoins to complement or even compete with traditional cryptocurrencies. As RLUSD continues to grow, it will be important to monitor how this affects XRP's utility and demand, particularly in institutional contexts.
Since this brief published about 22 hours ago, XRP (XRP) has moved from R$6,85$1.26 to R$6,96$1.28 — +1.59%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Criptano's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Não é recomendação.
At today's peer-to-peer rate, 1 XRP ≈ R$7.02 (about $1.28), up 2.6% over 24 hours. The real itself trades about 0.9% above the official rate on the P2P market, so a Brazilian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 3 outlets reporting this story.
Criptano extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · 3 de novembro de 2026.
Criptano reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ripple's RLUSD Stablecoin Raises Questions About XRP' — questions & answers
What is RLUSD and how does it relate to XRP?
RLUSD is a dollar-backed stablecoin issued by Ripple on the XRP Ledger. It is designed to provide a stable digital asset for payments and settlements, potentially reducing the need for XRP in certain transactions.
How much RLUSD was minted on the XRP Ledger?
Ripple minted $110 million RLUSD on the XRP Ledger on November 2nd, according to multiple outlets.
What impact could RLUSD have on XRP's utility?
The growth of RLUSD could reduce institutional reliance on XRP for payments and settlements, potentially impacting its long-term utility and demand.
How much is 1 XRP worth in real today?
About R$7.02 at the live peer-to-peer (P2P) USDT rate, which is what Brazilians typically trade at — equivalent to roughly $1.28. The real price moves with both XRP's US-dollar price and the USDT/BRL rate; use our XRP in real page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 1.59% since this brief first published — trading at R$6,96 ($1.28) now versus R$6,85 ($1.26) at publication. Criptano re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Criptano brief that synthesises reporting from CaptainAltcoin, Bitcoin.com, U.Today, Coinfomania, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Criptano brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.