Ripple USD (RLUSD), the stablecoin native to the XRP Ledger (XRPL), has emerged as a significant driver of network activity, with research firm Evernorth reporting that RLUSD has now generated over $2.5 billion in total settlement volume on the ledger. Additionally, the trading pair RLUSD/XRP has approached $900 million in volume, indicating robust interaction between the stablecoin and the native XRP asset.
It is crucial to distinguish RLUSD from XRP: RLUSD is a fiat-backed stablecoin designed for stable settlement, whereas XRP is the ledger's native token used for transaction fees and liquidity. The data comes from Evernorth, an independent XRP treasury and research firm—not a direct Ripple announcement—lending credibility to the numbers.
The rising RLUSD activity strengthens the XRPL's narrative as a fast, low-cost settlement network, especially as stablecoins dominate real-world blockchain usage. However, sustained growth will depend on liquidity depth, market maker support, exchange integrations, and enterprise adoption. While the news is constructive for XRP holders, it is not a direct price catalyst, as XRP's value remains subject to broader market forces.
