Ripple USD market cap increased by about 9.8%, $228.8 million in 30 days

Ripple's dollar-pegged stablecoin RLUSD saw its market capitalization rise by about $228.8 million, or roughly 9.8%, over the past 30 days, reaching approximately $2.57 billion as of November 4. Crypto Briefing reported that RLUSD's net supply growth outpaced several larger competitors during a period when the broader stablecoin market was largely flat or contracting. Because market cap is calculated as token price multiplied by circulating supply, the increase reflects expanded issuance rather than any price appreciation for the dollar-targeting token. Total supply stood at roughly $2.5–2.6 billion around November 4, with about $1.72 billion issued on Ethereum. The growth matters as a signal of rising demand for Ripple's stablecoin against entrenched incumbents, and the next thing to watch is whether supply keeps expanding on Ethereum and other chains.