Most RLUSD Supply Sits on Ethereum Despite Ripple’s XRP Ledger Push

Ripple is promoting greater use of its RLUSD stablecoin on the XRP Ledger, but current chain distribution points to Ethereum as RLUSD’s primary base. BeInCrypto cited DefiLlama data showing that roughly two-thirds of the stablecoin’s supply is held on Ethereum, despite the stated interest in expanding XRP Ledger use cases.

The live DeFiLlama figure places RLUSD’s circulating supply at $2.59 billion, consistent with the scale of the stablecoin’s current footprint. The supplied market feed lists RLUSD’s market capitalization at $2.61 billion, while its price remained near $1, up 0.02% over 24 hours and unchanged over seven days.

BeInCrypto is the only outlet reporting this development, so the chain-distribution claim comes from a single publisher’s account of DefiLlama data. The independently supplied DeFiLlama figure verifies RLUSD’s aggregate circulating supply, but no second outlet was provided to corroborate the reported Ethereum share or Ripple’s specific expansion objective.

The broader crypto market was broadly higher, with total capitalization at $2.76 trillion and Bitcoin up 3.49% over 24 hours, although the Fear & Greed index remained at 34, indicating fear. Ethereum traded at $2,427.68, gaining 6.14% over 24 hours and 3.12% over seven days. XRP was $1.31, up 2.32% over 24 hours but down 1.46% over seven days. The development raises attention to whether future RLUSD use cases can broaden its presence beyond Ethereum and what that shift could mean for activity across both networks.