Ripple Nears $900M Revenue Run Rate as RLUSD and Institutional Business Accelerate

Ripple says its product business is approaching a $900 million annualized revenue run rate as the company expands beyond payments into stablecoins, custody, prime brokerage, treasury management and institutional market infrastructure. The milestone was disclosed on October 28 as Ripple opened its Swell 2026 conference in New York. According to Ripple's official business update , the company now works with more than 1,700 institutions, corporates and enterprises and has seen customer growth triple during 2026.