- RLUSD now holds majority supply on XRP Ledger surpassing Ethereum.
- Trading volume between RLUSD and XRP reached $900 million recently.
- Every RLUSD transaction generates XRP network fees boosting ledger activity.
Ripple’s RLUSD stablecoin now holds most of its circulating supply on the XRP Ledger. According to data shared by XRP-focused treasury firm Evernorth, 52% of all RLUSD currently exists on XRPL, reflecting a major shift in the stablecoin’s network distribution and usage.
The latest figures show that RLUSD’s presence on the XRP Ledger has grown substantially from just 17% in April 2025. Consequently, XRPL has become the primary network supporting the Ripple-issued stablecoin, overtaking Ethereum in circulating supply.
The changing distribution points to increasing adoption across the XRP Ledger. Besides, the network continues attracting more liquidity as users settle and trade RLUSD directly on XRPL instead of relying primarily on Ethereum.
Meanwhile, Ethereum now hosts the remaining 48% of RLUSD in circulation. According to EvernoRTH Treasury, RLUSD supply on Ethereum has fallen from approximately $1.24 billion recorded in February to nearly $700 million.
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Growing RLUSD activity boosts XRP Ledger transactions
According to XRP Evernorth, RLUSD’s expansion has strengthened activity across the XRP Ledger instead of reducing XRP’s importance within the ecosystem. Every RLUSD transaction processed on XRPL still requires XRP to pay network fees, linking stablecoin growth directly with ledger activity.
Moreover, trading data illustrates how RLUSD continues gaining momentum within XRPL markets. The RLUSD/XRP trading pair has generated roughly $900 million in trading volume during the past six months. That represents nearly 90% of all RLUSD trading activity recorded on the network.
As trading volumes increased, RLUSD became one of the most actively exchanged assets on the XRP Ledger. Additionally, the dominance of the RLUSD/XRP pair highlights XRP’s continued role as the network’s core settlement asset while supporting stablecoin liquidity.
The growing share of RLUSD on XRPL also reflects broader adoption beyond token issuance. Consequently, more transfers, payments, and trading activity now occur directly on the ledger, reinforcing XRPL’s position as the stablecoin’s primary operating network.
In conclusion, RLUSD’s majority supply now resides on the XRP Ledger as network activity continues expanding. According to Evernorth Treasury, rising trading volumes and increasing on-chain liquidity indicate that XRPL has become the leading ecosystem supporting Ripple’s stablecoin.
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