Ripple USD — supply tracking, corridor adoption and the stablecoin's role as XRPL's settlement asset.
RLUSD at $1.866B circulating against $1.981B reserves (August 20 attestation) — peg intact through the wildest price week of the year.
RLUSD's demand is institutional — corridor operations and market-making — and the $2B crossing was calendar-driven, ignoring the price rally.
RLUSD holds its peg through the storm — and approaches $2B.