XRP Takes Over Ethereum: Ripple USD Flippening Officially Happens at $801 Million Supply

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. An unexpected change of leader in the distribution of Ripple's USD stablecoin supply has been recorded as the native XRP Ledger (XRPL) network has overtaken the Ethereum blockchain for the first time, with a total market capitalization already close to the $1.6 billion mark. Advertisement According to the latest on-chain data by Ripple USD Tracker , the stablecoin balance on XRP Ledger has reached $801,796,535, while the figure on Ethereum has corrected to $795,598,530. According to prominent community voices, the "quiet flippening" was driven not so much by aggressive XRPL expansion as by large-scale client redemptions on the Ethereum side. While controlled burns of large token batches were taking place on the competing network, demand on XRPL remained stable, which automatically pushed the network into first place. HOT Stories Bitcoin Is 'Over,' Google's Ex-Tech Lead Says XRP Recovery Hopes Are Alive, Is Bitcoin (BTC) Next Breakout Around the Corner? Ethereum (ETH) Stabilizes Near $1,700: Crypto Market Review Ripple USD storms the top 10 amid global expansion As fresh data from CoinMarketCap displays, Ripple USD (RLUSD) is showing rapid growth, taking 8th place in the global ranking of the largest stablecoins with a total market capitalization of $1.598 billion and a daily trading volume of $166.53 million. Advertisement Top-10 stablecoin by market capitalization, Source: CoinMarketCap At the current stage, the asset is successfully competing in the sector of new-generation regulated dollar tokens, trailing players such as PayPal USD (PYUSD), with its $2.75 billion, and Global Dollar (USDG), with $2.9 billion. You Might Also Like Wed, 06/24/2026 - 12:59 Ripple's USD Stablecoin Gets Historic Listing in Japan; Fred Krueger Votes for Freezing Satoshi's Bitcoin; Shiba Inu (SHIB) Price Setup Predicts July Rally - Morning Crypto Report By Gamza Khanzadaev The "flippening" coincided with active discussion of the stablecoin's integration in the Asia-Pacific region. Earlier, Japan's financial sector announced the launch of operations with RLUSD , choosing the Ethereum network as the initial infrastructure because of its deeper integration into existing banking services. Advertisement Some market participants considered this a long-term negative for the XRP Ledger blockchain associated with Ripple. However, commenting on the launch in Japan, XRPL Foundation representative Vet explained that Ethereum's dominance at the start is logical due to its developed infrastructure. Initially for sure, ethereum is wider integrated into services etc. I can't see the RLUSD on XRPL not being part of it eventually. You wanna be everywhere. — Vet (@Vet_X0) June 24, 2026 In the long term, RLUSD based on XRP Ledger will inevitably become part of this ecosystem , as the project's key goal is to ensure the stablecoin's maximum presence across all available platforms. For Ripple, XRPL's current leadership in supply volume once again proves the viability of the chosen multichain strategy. While Ethereum serves as a ready-made bridge for the rapid deployment of liquidity in conservative foreign markets, XRP Ledger is successfully maintaining its status as the primary hub for institutional capital. #XRP Ledger #Ethereum #Ripple News