TL;DR
- RLUSD continues to expand across the crypto market, with roughly 51% to 52% of its circulating supply now issued on the XRP Ledger.
- The shift reflects growing demand for faster and lower-cost stablecoin transfers on XRPL, while Ethereum’s share declines from earlier 2025 levels.
- Trading activity also accelerates, as the RLUSD/XRP pair processes nearly $900 million in volume during the last six months, reinforcing XRP Ledger’s role in stablecoin liquidity and settlement.
RLUSD adoption on XRP Ledger continues to accelerate as Ripple’s stablecoin strengthens its position across the digital asset sector. Recent on-chain figures show that more than half of all RLUSD currently in circulation now resides on XRPL, a notable change compared with the beginning of 2025.
As recently as April, ~17% of all RLUSD sat on XRP. Today it’s ~52% while RLUSD on Ethereum has drawn down from its February peak near $1.24B.
Full report here: https://t.co/ivQsTfoc2J
This content is for informational purposes only and does not constitute investment advice.… pic.twitter.com/oJqlTGppmb
— evernorthxrp (@evernorthxrp) July 2, 2026
The expansion highlights how stablecoin activity is gradually diversifying beyond Ethereum. While Ethereum remains a dominant network for token issuance, XRP Ledger is attracting more liquidity flows thanks to its lower transaction costs and faster settlement infrastructure.
RLUSD Growth On XRP Ledger Accelerates
According to recent blockchain data shared by XRP-focused treasury trackers, around 51% to 52% of RLUSD supply now circulates on XRP Ledger. In April 2025, the figure stood near 17%, showing a sharp increase in a relatively short period.
At the same time, Ethereum’s RLUSD supply has declined from approximately $1.24 billion to nearly $700 million. Ethereum still hosts close to 48% of total RLUSD issuance, though XRPL is increasingly becoming the primary environment for liquidity operations and trading activity.
The growth also reflects a broader trend within crypto markets. Stablecoin issuers and traders continue searching for networks capable of handling larger transaction volumes without generating high fees during periods of market volatility. XRP Ledger benefits from transaction finality measured in seconds and operational costs that remain lower than several competing chains.
XRP Ledger Trading Activity Continues To Expand
RLUSD trading volume has also contributed to rising activity across the XRP ecosystem. Market observers note that every RLUSD transaction executed on XRPL indirectly increases XRP utility because network fees are paid in XRP.
The RLUSD/XRP pair has generated close to $900 million in trading volume during the past six months, representing nearly 90% of RLUSD-related activity on the network. That level of participation places RLUSD among the most traded assets on XRP Ledger.
Institutional interest in stablecoins also continues growing worldwide as regulators in the United States, Europe, and Asia develop clearer frameworks for digital payment assets. In that environment, networks capable of supporting enterprise-grade settlement systems are receiving greater attention from fintech firms and liquidity providers.
