RLUSD Moves Ahead of PYUSD as Stablecoin Supply Edges Higher
Ripple’s RLUSD has moved narrowly ahead of PayPal’s PYUSD as adoption and exchange availability expand.
Ripple’s RLUSD has moved narrowly ahead of PayPal’s PYUSD as adoption and exchange availability expand. Ripple USD (RLUSD) is trading at $1.00. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Thu, 12 Nov 2026 23:30:06 UTC.
The ranking shows how institutional distribution and exchange integrations are affecting the competitive position of two dollar-backed stablecoins, while both tokens continue trading close to one dollar.
- RLUSD reached a reported $2.71 billion market capitalization, according to U.Today.
- DeFiLlama verifies RLUSD circulating supply of $2.69 billion versus PYUSD at $2.60 billion.
- Live market caps stand at $2.69 billion for RLUSD and $2.64 billion for PYUSD.
- Crypto markets are broadly lower, with Bitcoin down 3.41% over 24 hours.
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- RLUSD Moves Ahead of PYUSD as Stablecoin Supply Edges Higher — this brief
U.Today reported that Ripple’s RLUSD surpassed PayPal’s PYUSD in market capitalization, putting RLUSD at $2.71 billion. The outlet attributed the stablecoin’s expansion to increasing institutional adoption and integration across major exchanges, while also describing the market value as a sign of rapid growth.
Live on-chain data from DeFiLlama places RLUSD circulating supply at $2.69 billion and PYUSD at $2.60 billion, a $90 million difference. That verified supply comparison is slightly different from U.Today’s reported RLUSD market capitalization of $2.71 billion, a distinction that may reflect the timing or methodology of the measurements.
The live market snapshot also shows RLUSD with a $2.69 billion market capitalization, compared with $2.64 billion for PYUSD, keeping RLUSD ahead by $50 million. Both tokens remain close to their one-dollar targets: RLUSD trades at $0.999943 after a 0.01% decline over 24 hours, while PYUSD is at $0.99983 with a 0.00% daily move. Over seven days, they are down 0.05% and 0.03%, respectively.
The broader crypto market is broadly lower amid a total capitalization of $2.46 trillion. 
Bitcoin is down 3.41% over 24 hours, and the Fear & Greed Index stands at 28, indicating a “Fear” reading. The stablecoin ranking therefore develops against a weak market backdrop, with the immediate issue for traders being how closely the two assets maintain their relative supply and capitalization positions.
Since this brief published about 4 hours ago, Ripple USD (RLUSD) has moved from $0.9999 to $1.00 — +0.00%.
The chart plots RLUSD'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 TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 RLUSD ≈ ₦1,406.43 (about $1.00), up 0.0% over 24 hours. The naira itself trades about 4.2% above the official rate on the P2P market, so a Nigerian 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.
Figures and sectors in this story, checked live against on-chain aggregators · November 12, 2026.
TLT 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.
RLUSD Moves Ahead of PYUSD as Stablecoin Supply Edges Higher — questions & answers
What market capitalization did U.Today report for RLUSD?
U.Today reported RLUSD at $2.71 billion, putting it ahead of PayPal’s PYUSD.
What do verified circulating supply figures show?
DeFiLlama lists RLUSD at $2.69 billion and PYUSD at $2.60 billion, a difference of $90 million.
Are RLUSD and PYUSD trading far from one dollar?
No. RLUSD is at $0.999943 and PYUSD at $0.99983 in the live market snapshot.
How much is 1 Ripple USD worth in naira today?
About ₦1,406.43 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.00. The naira price moves with both RLUSD's US-dollar price and the USDT/NGN rate; use our Ripple USD in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. 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 TLT 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.