RLUSD on XRP Surges 40-Fold
Analysis
Price Impact
MedThe significant migration of rlusd to the xrp ledger suggests increased utility and adoption of the xrp network for stablecoin transactions. this could lead to higher demand for xrp as a bridge currency or for network fees, but the overall price impact may be moderated by competition from new stablecoins and the fact that rlusd is a stablecoin itself.
Trustworthiness
MedPrice Direction
BullishThe increased activity and majority share of rlusd on the xrp ledger indicate growing use of the network. this positive development for xrp's ecosystem could attract more developers and users, potentially leading to a bullish sentiment for xrp itself, especially if it enhances the network's overall utility and transaction volume.
Time Effect
LongWhile the 40-fold surge is a recent six-month development, the long-term implications of stablecoin adoption on a blockchain network, and the competition from new initiatives like 'open usd', will play out over a longer period, influencing sustained price trends.
Original Article:
Article Content:
Cover image via www.freepik.com Ripple's dollar-pegged stablecoin, RLUSD, keeps migrating to the native chain of the XRP cryptocurrency (at a rather remarkable pace). Advertisement According to recent on-chain data, the volume of RLUSD circulating on the XRP Ledger has surged 40-fold over the last six months alone. A significant majority of Ripple's stablecoin used to reside on the Ethereum blockchain, and this fact would be constantly brought up by XRP detractors to showcase the alleged lack of utility of the cryptocurrency's native chain. This trend was rather lasting, given that only 17% of all RLUSD in circulation was sitting on the XRP Ledger as recently as April. HOT Stories Ripple Co-Founder's PAC Boosts Democrat to Primary Victory Is XRP Reversal Even Possible? Bitcoin (BTC) May Aim for $52,000, Ethereum (ETH) Not Forgotten: Crypto Market Review You Might Also Like Tue, 06/30/2026 - 19:57 Ripple's RLUSD Rapidly Shrinks as New Major Stablecoin Emerges By Alex Dovbnya Advertisement However, the XRPL's share of the total supply has grown dramatically over the past few months. Now, the figure has skyrocketed to as much as 52%, which gives the XRPL a majority share of the total supply for the first time. More competition As reported by U.Today, Ripple recently joined an unprecedented coalition of more than 140 financial and technological heavyweights, of the likes of Mastercard and BlackRock, to back "Open USD," which is a new US dollar-pegged stablecoin. The consortium positions Open USD as a shared, highly efficient utility for global payments. Advertisement However, Ripple's participation has raised some eyebrows, given that it has its own heavily regulated stablecoin. For Ripple, participating in the highly ambitious Open USD initiative ensures the company remains at the center of global liquidity flows, but it remains to be seen how RLUSD will be able to compete with this new upstart. According to CoinGecko data, Tether (USDT) remains the biggest stablecoin with a market cap of $184 billion. #XRP News #Ripple News