As $RLUSD continues to see growing adoption, its supply across the crypto ecosystem has also continued to expand, especially on the $XRP Ledger.
Recent data shared by an $XRP-focused treasury firm shows that $RLUSD has crossed a major milestone on the $XRP Ledger as the Ripple-issued stablecoin continues to gain traction.
$RLUSD shifts to $XRP Ledger
Notably, the on-chain data showcased by the firm shows that more than half of $RLUSD‘s total circulating supply is now on the network, suggesting the stablecoin is increasingly being used on the $XRP Ledger.
It revealed that about 52% of all $RLUSD in circulation is now on the network, marking a substantial increase from the 17% recorded as recently as April 2025.
While the surge suggests that $RLUSD is increasingly becoming more available on the $XRP Ledger, the network has become its major hub for liquidity management and trading.
Meanwhile, the case has been the opposite for Ethereum, as the data further showed that the supply of $RLUSD on Ethereum has declined from its February high of around $1.24 billion to about $700 million.
While Ethereum holds the remaining 48% of the total $RLUSD in circulation, it appears that $XRP Ledger is rapidly outperforming Ethereum as the dominant network for $RLUSD issuance.
$RLUSD trading volume on XRPL soars
The firm confirmed that the surge in $RLUSD trading activity has largely contributed to $XRP‘s network growth, rather than replacing the altcoin.
It noted that every $RLUSD transaction on XRPL ultimately becomes an $XRP activity, as they typically generate network fees in $XRP.
This is more evident in the $RLUSD/$XRP trading pair, as this alone has processed about $900 million in volume over the last six months, accounting for nearly 90% of all $RLUSD trading activity on the network.
Following this surge in activity, $RLUSD has emerged as one of the most actively traded assets on the $XRP Ledger.
Source: Original Article
