XRP Ledger activity surges as RLUSD stablecoin expands

Evernorth chief business officer Sagar Shah explained that the Ripple USD (RLUSD) stablecoin operates alongside XRP rather than replacing it. Half of all RLUSD in circulation now resides on the XRP Ledger, up from about 17% in April, and its share of total on‑chain trading has risen to roughly 12% within 18 months. In the past six months the RLUSD/XRP pair processed about $900 million in volume, generating additional XRP settlement activity and deeper market liquidity.

Crypto commentator Rob Cunningham echoed the view, noting that RLUSD is subject to U.S. Treasury and New York financial‑services oversight and is positioned as a dollar‑denominated stablecoin. He forecast that growing RLUSD usage will increase global liquidity, institutional defensibility and overall relevance of the XRP Ledger as a compliant, low‑cost cross‑border payment rail.