RLUSD Supply on XRP Network Reaches Over 50%

The circulation of RLUSD on the XRP Ledger has witnessed a remarkable increase, as current data indicates that around 51% to 52% of the total RLUSD supply is now present on the XRPL.

RLUSD Grows in Popularity

As RLUSD continues to gain traction, the amount available in the cryptocurrency ecosystem has also seen a significant uptick, particularly on the XRP Ledger. Recent reports from a treasury firm specializing in XRP reveal that RLUSD has reached a pivotal milestone on the XRPL, reflecting growing adoption among users.

On-chain data from the firm illustrates that over half of RLUSD's circulating supply is currently on this network, indicating an increasing reliance on the XRP Ledger for transactions involving this stablecoin.

Market Dynamics for RLUSD

In contrast, while RLUSD is rising on the XRP Ledger, Ethereum has experienced a decrease in RLUSD supply. The latest figures show that the total supply on Ethereum has plummeted from a peak of approximately $1.24 billion in February 2025 to around $700 million.

Currently, Ethereum holds the remaining 48% of RLUSD's total circulation, but the XRP Ledger is swiftly emerging as the leading platform for RLUSD issuance.

Trading Activity Overview

Furthermore, the increased trading volume for RLUSD on XRPL has greatly fueled growth within the XRP ecosystem rather than replacing it. Each RLUSD transaction on the XRP Ledger generates network fees in XRP, effectively tying the success of RLUSD trading to XRP activity.

Notably, the RLUSD/XRP trading pair has seen phenomenal success, processing approximately $900 million in volume in just the past six months. This remarkable activity accounts for nearly 90% of all RLUSD trades on the XRP Ledger, establishing RLUSD as one of the most actively traded assets on the network.