Ripple USD (RLUSD) Supply Surges to 120M – What’s Next for XRP?

RLUSD, the stablecoin launched by blockchain giant Ripple, has reached 120 million in circulation just 2 months after its debut.

Originally introduced on both Ethereum and the XRP Ledger (XRPL), RLUSD is gaining traction fast, especially on XRPL where adoption is outpacing Ethereum. This is a sign of growing confidence in XRPL’s lower cost transactions and expanding ecosystem.

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According to CryptoQuant, RLUSD’s total supply is now around 120 million, that’s a lot of integration into the broader financial system. Recent listings on Margex, Zero Hash and Revolut have also made it more mainstream.

XRPL vs. Ethereum: Adoption Trends

Ripple started test minting RLUSD on Ethereum and XRPL in August 2024, months before the official launch. Ethereum was initially leading, but the trend is reversing.

  • Current RLUSD distribution:

    • XRPL: 37.4 million RLUSD

    • Ethereum: 83.3 million RLUSD

  • Why XRPL is gaining ground:

    • Lower transaction fees compared to Ethereum

    • Faster settlement times

    • Increased utility within Ripple’s real-world asset (RWA) tokenization framework

Ripple’s push for blockchain based financial solutions is driving RLUSD’s growth and positioning XRPL as a viable alternative to Ethereum for stablecoin operations.

XRP Price & Market Impact

The growth of RLUSD in the XRPL ecosystem is providing liquidity to XRP, making it more useful as a bridge asset. Despite recent market fluctuations, XRP’s adoption could be setting the stage for a long term bull run.

XRP Price Chart - Source: Tradingview
XRP Price Chart – Source: Tradingview

At the time of writing XRP is trading at $2.64, down 3% in the last 24 hours. But analysts are optimistic, XRP Captain is predicting a move to $250 by 2026. This is backed by whale accumulation and increasing real world use cases.

As RLUSD continues to gain traction and integrate into traditional finance, its role in the XRP ecosystem could further solidify Ripple’s position as a leader in blockchain payments.

As RLUSD continues to grow and integrate into traditional finance, its role in the XRP ecosystem will solidify Ripple’s position as a leader in blockchain payments.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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