XRP Ledger Overtakes Ethereum in RLUSD Stablecoin Supply

The XRP Ledger (XRPL) has overtaken Ethereum as the largest blockchain hosting Ripple's RLUSD stablecoin, marking a significant milestone for the rapidly expanding digital dollar ecosystem. According to the latest figures, approximately $801 million worth of RLUSD now circulates on XRPL compared with roughly $795 million on Ethereum. The shift reflects increasing adoption of XRPL for stablecoin transactions due to its lower transaction costs, faster settlement speeds, and efficient payment infrastructure. While Ethereum remains the dominant blockchain for decentralized finance, its higher fees during periods of network congestion have encouraged many users to explore alternative networks. RLUSD was developed to provide a regulated U.S. dollar-backed stablecoin suitable for institutional settlements, cross-border payments, treasury management, and tokenized financial assets. Every token is designed to maintain a one-to-one value with the U.S. dollar through reserves held in cash and cash-equivalent assets. Ripple has positioned RLUSD as a bridge between traditional finance and blockchain-based payments. The company believes regulated stablecoins will become increasingly important as banks, corporations, and payment providers adopt blockchain technology for international settlements. The XRP Ledger offers settlement finality in just a few seconds while consuming significantly less energy than proof-of-work blockchains. These technical advantages have made it attractive for payment-focused applications and financial institutions exploring blockchain infrastructure. Industry analysts view the milestone as evidence that stablecoin activity is diversifying beyond Ethereum. While Ethereum continues leading decentralized finance, newer blockchains are gaining market share by specializing in payments, tokenization, and enterprise applications. As adoption continues growing, competition among blockchain networks to host stablecoins is expected to intensify, particularly as governments and financial institutions increasingly recognize stablecoins as an important component of the future digital financial system.