The post Ripple’s RLUSD Stablecoin Surges to 120M Supply—Is XRP Set for a Major Boost? appeared first on Coinpedia Fintech News
Ripple’s stablecoin, RLUSD, is growing at an unbelievable pace, hitting a total supply of 120 million in just two months. As more platforms start using it, the stablecoin is now gaining traction on the XRP Ledger, challenging Ethereum’s dominance. But what’s driving this growth, and what does it mean for Ripple and XRP?
Ripple’s RLUSD Stablecoin Supply Hits 120M
According to data from CryptoQuant, the total supply of Ripple’s USD stablecoin (RLUSD) has now crossed $120 million. Notably, the token had already surpassed $100 million in supply back in January, just shortly after its launch.
This is seen as a major milestone, especially since RLUSD is a highly regulated stablecoin.
However, recent data suggests that RLUSD is now growing faster on the XRP Ledger, which offers lower transaction fees and greater efficiency. Initially, the stablecoin saw more activity on Ethereum.
The stablecoin’s adoption received a boost when it was listed on the high-leverage trading platform Margex. Additionally, RLUSD secured a listing on Zero Hash and became available for trading on Revolut, expanding its reach into mainstream finance.
XRP Ledger vs. Ethereum
Ripple began test-minting RLUSD on both Ethereum and XRPL in August, a few months before officially launching it. Since then, the distribution has shifted. XRPL now holds around 37.4 million RLUSD, while Ethereum accounts for approximately 83.3 million.
While Ethereum still holds the majority, XRPL is growing at a faster pace, indicating that users are finding it a more efficient network for stablecoin transactions.
By strengthening RLUSD’s presence on XRPL, Ripple is positioning itself as a major player in blockchain-based financial solutions.
How RLUSD’s Growth Could Impact XRP
The increased adoption of RLUSD on XRPL has also had a positive impact on XRP’s price and liquidity. As of now, XRP is trading around $2.57, despite a slight dip of 3% in the last 24 hours. The growth of RLUSD could support a long-term bullish outlook for XRP.
Crypto analyst XRP Captain has even suggested that XRP could reach $250 by 2026, calling it the “largest breakout in history.”
