Ripple-Backed Evernorth Reveals How RLUSD Powered $2.5B Milestone For XRP

Evernorth, a Ripple-backed XRP treasury firm, has published a report detailing how the RLUSD stablecoin has contributed to a $2.5 billion trading volume milestone on the XRP Ledger. The report addresses concerns that RLUSD might replace XRP, stating that blockchain data shows RLUSD is built on XRP and supports its network.

Key findings include that RLUSD went from under 1% of all trading on the XRP Ledger to approximately 12% within 18 months. The RLUSD/XRP trading pair has seen a volume of about $900 million over the past six months, accounting for nearly 90% of all trading on the network in that pair. All RLUSD transactions on XRP are paid using XRP transaction fees, providing real economic throughput for the network.

Since its launch, RLUSD has generated over $2.5 billion in total trading volume on XRP. The stablecoin’s circulating supply on the XRP Ledger doubled from approximately $20 million at the end of 2024 to over $800 million by late June 2026. The report notes that XRP Ledger now holds about 51% of RLUSD supply, surpassing Ethereum.

RLUSD has also become a major driver of transaction volume on the XRP Ledger, with monthly trading transactions growing from roughly 54,000 in December 2024 to between 600,000 and 1.1 million. Direct payments through RLUSD rose from about $68 million to over $5 billion month, indicating increasing institutional-scale use. As of June 25, there were 45,527 XRP Ledger accounts holding 93,898 trust lines on RLUSD.

Source: https://coingape.com/ripple-backed-evernorth-reveals-how-rlusd-powered-2-5b-milestone-for-xrp/