RLUSD supply record near $2.5 billion as Binance distributes $800,000 in XRP to holders

Ripple's RLUSD set a supply record in late September, and the outlets reporting it do not agree on the day or the level. CoinGape placed the record near $2.5 billion on September 22, Crypto.News cited CoinMarketCap for a market value close to $2.5 billion, and Bitcoin.com News used DefiLlama's daily series to put the high on September 26, noting the gap to PayPal's PYUSD had narrowed to about $248 million. The Crypto Basic reported that RLUSD crossed the $2.5 billion valuation mark after Ripple minted $790 million and burned $638 million over 30 days, while a day later Bitcoin.com News quoted Ripple senior vice president of stablecoins Jack McDonald putting market cap at about $2.4 billion, up more than 50% in a month. Binance began a four-week campaign distributing $800,000 worth of XRP to customers holding at least 0.01 RLUSD in Spot, Funding, Earn and Margin accounts, paid every Friday through October 23, with a 60% haircut applied to RLUSD acquired through margin borrowing, which TheNewsCrypto said came with RLUSD's market cap nearing $2.4 billion. Total stablecoin supply on the XRP Ledger was put at $1.159 billion on September 25 and at roughly $1.19 billion days later, with RLUSD above 92% of the ledger total in both readings. The level itself is unsettled: the highest figures come from third-party trackers, and Ripple has published about $2.4 billion.