The total global stablecoin supply exceeded $300 billion in October 2026, while Ripple's RLUSD market capitalization grew to over $2.5 billion

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Supply, adoption, and competitive dynamics of fiat-pegged tokens, tracking issuers like Tether and Circle and the payment and trading flows they power.