Alongside these strains, RWA Basis offered particulars of stablecoin market cap progress by issuer for Q3 2026. The largest of the issuers that contracted was Tether, whose market cap was down by $207.7 million. Ripple is among the many high 3 issuers primarily based on stablecoin market cap progress, behind solely Circle.
Circle added $915 million over 90 days, greater than another issuer, whereas Ripple, which added $765.3 million, and United Stables, which added $474.2 million, have been second and third.
The quickest growers weren’t the most important; Ripple’s $RLUSD accounts for under 0.8% of stablecoin provide and U stablecoin holds 0.5%, but they ranked second and third. Tether (USDT), which holds 61.0% of provide, is just not in the highest 10. Ripple USD ($RLUSD) additionally acquired into the highest 10 for holder progress, including 23,600 in Q3 2026.
$RLUSD highlights
Ripple SVP of Stablecoins Jack McDonald shared highlights from $RLUSD‘s month-to-month unbiased attestation for August. $RLUSD continues to develop, topping $2.4 billion in market cap, up over 50% in a month. The typical day by day exercise for $RLUSD has greater than tripled for the reason that begin of the yr.
Ripple up to date the $XRP Ledger AI Starter Equipment, including assist for the Machine Funds Protocol (MPP), co-authored by Stripe and Tempo, giving builders a manner to allow AI brokers to make one-time funds on the XRPL utilizing $XRP and issued property like $RLUSD.
$RLUSD additionally expanded its liquidity and distribution via Spark Finance’s Stablecoin FX Layer on Uniswap v4, with $RLUSD/USDS processing greater than $600 million in its first week.
