Ripple’s RLUSD stablecoin has surpassed a $2 billion market capitalization, marking a new milestone for the dollar-pegged token. About $963 million of RLUSD is deployed on the XRP Ledger, while roughly $1.1 billion has been issued on Ethereum, according to CoinDesk. Ripple previously said RLUSD would work alongside its global payments network to provide more efficient on-chain liquidity solutions for enterprises and financial institutions.