RLUSD Supply on Ethereum Surpasses XRP Ledger After 93% Growth in 30 Days
The supply of Ripple's RLUSD stablecoin on Ethereum has surpassed its supply on the XRP Ledger after increasing by approximately 93% over the past 30 days, according to data shared by Whale Insider.
The shift marks a notable change in the distribution of RLUSD across the two blockchain networks and comes as the dollar-backed stablecoin expands its presence beyond the XRP Ledger.
Ethereum RLUSD Supply Overtakes XRPL
Whale Insider reported that RLUSD's supply on Ethereum had moved ahead of its supply on the XRP Ledger, commonly referred to as XRPL. The Ethereum-based supply grew approximately 93% in 30 days, according to the post.
The figure measures the change in RLUSD supply on Ethereum rather than the stablecoin's overall market activity. The post did not provide the absolute amount of RLUSD held on Ethereum or the corresponding supply on XRPL at the time of the comparison.
That distinction is important because a percentage increase alone does not establish the total scale of the difference between the two networks. The available data also does not specify how much of the change resulted from newly issued tokens, transfers between networks or other movements of existing RLUSD.
Still, the reported crossover indicates that Ethereum has become an increasingly significant network for the distribution of the stablecoin.
RLUSD Expands Beyond XRP Ledger
RLUSD is Ripple's dollar-backed stablecoin and operates across multiple blockchain networks. Its presence on both Ethereum and the XRP Ledger allows the token to be distributed across different blockchain ecosystems.
The latest figures highlight a change in where RLUSD supply is concentrated. While the XRP Ledger has a direct connection to Ripple's broader blockchain ecosystem, Ethereum provides access to a separate and substantially established network of digital-asset applications and users.
The reported 93% increase over 30 days therefore provides a snapshot of how quickly the balance between the two networks has shifted.
Whale Insider did not provide additional details on the drivers behind Ethereum's growth or identify specific applications, exchanges or users responsible for the change. No transaction-volume figures were included in the post either.
What the Supply Shift Shows
The reported development does not necessarily indicate a corresponding change in RLUSD usage. Supply figures show how many tokens are issued or circulating on a particular network, while they do not independently measure transaction activity, liquidity or user demand.
More detailed data would be required to determine whether Ethereum's larger RLUSD supply is accompanied by higher activity on the network or reflects changes in how the stablecoin is distributed.
The next figures for RLUSD across Ethereum and XRPL will provide a clearer indication of whether the reported crossover marks a temporary shift or a sustained change in the stablecoin's network distribution.
writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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