Ripple’s RLUSD Stablecoin Surges to 120M Supply—Is XRP Set for a Major Boost?

Ripple’s RLUSD stablecoin is growing at an incredible pace, reaching a total supply of $120 million just two months after its launch. With more platforms adopting it, RLUSD is gaining traction on the XRP Ledger, challenging Ethereum’s long-standing 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.

RLUSD initially gained more activity on Ethereum, but recent data shows it is now growing faster on the XRP Ledger (XRPL), which offers lower transaction fees and greater efficiency. While Ethereum still holds a larger share, XRP Ledger’s faster adoption suggests that users are finding it a more efficient network for stablecoin transactions.

RLUSD’s rise received a boost when it was listed on high-leverage trading platform Margex. It was also listed on Zero Hash and became available for trading on Revolut, increasing its presence in mainstream finance.

A Shift from Ethereum to XRP Ledger

Ripple began testing RLUSD on both Ethereum and XRPL in August, ahead of its official launch. Since then, the distribution has shifted. Currently, XRPL holds around 37.4 million RLUSD, while Ethereum has about 83.3 million.

Even though Ethereum still has the majority, XRPL’s growth is happening at a quicker pace, showing that users prefer it for stablecoin transactions.

By strengthening RLUSD’s presence on XRPL, Ripple is positioning itself as a major player in blockchain-based financial solutions.

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Analyst Predicts Big Gains for XRP

The growth of RLUSD on the XRP Ledger has also positively affected XRP’s price and liquidity. Currently, XRP is trading around $2.57, despite a 3% drop in the past 24 hours. The rise of RLUSD could contribute to a bullish outlook for XRP in the long run.

Crypto analyst XRP Captain has suggested that XRP could reach as high as $250 by 2026, calling it “the largest breakout in history.” If this comes true, it would be a game-changer for Ripple and its native token, XRP.