- RLUSD supply surpasses 120M, with growing adoption on Ethereum and XRPL.
- XRPL holds 37.4M RLUSD as lower fees attract stablecoin users from Ethereum.
- RLUSD’s exchange listings boost adoption, strengthening Ripple’s financial presence.
Ripple USD (RLUSD) stablecoin has surpassed a total supply of 120 million tokens, marking a significant milestone in its adoption. Launched on Ethereum and the XRP Ledger (XRPL), RLUSD has experienced rapid growth in the past two months.
Initially, Ethereum led in supply, but the stablecoin has recently gained more traction on XRPL. The shift is likely driven by XRPL’s lower transaction fees, offering users a cost-effective alternative for stablecoin transactions. The growing RLUSD supply underscores Ripple’s broader push for regulated stablecoins, strengthening its presence in the financial ecosystem.
RLUSD Adoption and Growth Across Blockchains
The RLUSD stablecoin started strong on Ethereum following its launch, benefiting from the network’s widespread adoption and liquidity. However, recent Cryptoquant data suggests a shift toward XRPL, where transaction costs are lower, making it more attractive for users. Presently, XRPL holds approximately 37.4 million RLUSD, while Ethereum maintains a supply of under 83.3 million tokens.
Besides gaining adoption on XRPL, RLUSD recently secured listings on prominent trading platforms. Margex, a high-leverage exchange, has integrated the stablecoin, increasing its exposure among traders.
Additionally, RLUSD obtained a listing on Zero Hash, a NYDFS-regulated platform, further establishing its presence in the digital asset market. The stablecoin’s availability on Revolut also strengthens its integration with mainstream finance, expanding its reach among retail and institutional investors.
Impact on XRP and the Broader Crypto Market
RLUSD’s increasing supply aligns with Ripple’s strategy to enhance the XRP Ledger’s utility. The growing stablecoin adoption on XRPL supports the network’s liquidity and stability, potentially benefiting XRP’s price performance.
The tokenization of real-world assets (RWA) on XRPL has further reinforced RLUSD’s role in the digital economy. Ripple has actively pursued partnerships to advance RWA tokenization, contributing to XRPL’s broader adoption.
Meanwhile, RLUSD’s stable price performance reflects its growing utility. The stablecoin is currently valued at $0.9999, with a 24-hour trading volume of $333.6 million. Despite minor fluctuations, RLUSD’s steady price underscores its stability, reinforcing its appeal in the digital asset market.
