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- RLUSD, the stablecoin launched by digital payment company Ripple, has reached 120 million in circulation, while XRP has experienced a 3.39% loss in the last 24 hours.
- RLUSD’s growing adoption is enhancing XRP’s liquidity and stability by increasing demand for XRPL-based assets, further strengthening its position within the ecosystem.
Ripple’s stablecoin, RLUSD, has experienced remarkable growth, reaching 120 million in total supply just two months after its launch on December 17, 2024, according to CryptoQuant. This expansion highlights its growing adoption, utility, and potential impact on Ripple’s broader ecosystem, including XRP.
While RLUSD was initially launched on both the Ethereum (ETH) and XRP Ledger (XRPL) networks, XRPL has now surpassed Ethereum in growth rate. Currently, XRPL holds 37.4 million RLUSD, while Ethereum’s supply has declined to below 83.3 million RLUSD, highlighting XRPL’s increasing role as a stablecoin hub. This shift can be attributed to XRPL’s lower transaction fees, faster settlement times, and greater utility within Ripple’s real-world asset (RWA) tokenization framework.
The stablecoin could potentially expand beyond its current two chains, as Charles Hoskinson, the founder of Cardano (ADA), recently discussed the possibility of integrating RLUSD on the platform. Hoskinson revealed that he has been in talks with Ripple’s Brad Garlinghouse and David Schwartz to explore this opportunity.
RLUSD has quickly gained traction in the crypto space, securing listings on major platforms like Bitstamp and Margex. As we covered in our report, Zero Hash, a leading crypto and stablecoin infrastructure provider, integrated RLUSD into its offerings, while Revolut, a global fintech company, has also added support, significantly enhancing the stablecoin’s accessibility.
With a market capitalization of $53 million, RLUSD remains relatively small compared to dominant stablecoins like Circle’s USDC at $56.5 billion and Tether’s USDT at $142 billion. However, its early adoption and growth suggest strong long-term potential within the stablecoin market.
How RLUSD’s Growth Impacts XRP
RLUSD’s expansion is not just a milestone for Ripple; it also plays a key role in supporting XRP. As more users and institutions integrate RLUSD, it strengthens the liquidity and utility of XRPL-based assets, which can positively impact XRP. One factor that could drive XRP’s price rally is the potential approval of an XRP Exchange Traded Fund (ETF). The Securities and Exchange Commission (SEC) recently acknowledged Grayscale’s filing for an XRP ETF. If approved, an XRP ETF could attract institutional investors, boost liquidity, and significantly increase demand for the token.
Notably, whale investors are taking notice. According to crypto analyst Ali Martinez, whales purchased 60 million XRP in the last 24 hours, signaling growing confidence in the asset’s long-term prospects.
At the time of writing, XRP is trading at $2.57, reflecting a 3.39% decline in the last 24 hours but a 2.09% increase over the past week. While XRP has faced short-term dips, the ongoing growth of RLUSD could serve as a long-term catalyst for price appreciation and adoption.
