RLUSD Share on XRP Ledger Surges to 51% from 17% in Two Months, Overtakes Ethereum

According to Dune Analytics data, RLUSD's share of total circulation on XRP Ledger surged to 51% in June 2026 from 17% in April, making it the dominant stablecoin on the network and overtaking Ethereum for the first time. The outstanding RLUSD supply on XRP Ledger reached approximately $800 million as of June 25, 2026, up from $20 million at the end of 2024.

RLUSD trading on XRP Ledger has become the most active issued asset on the network. Monthly trading volume reached approximately $500 million in May 2026, with cumulative trading exceeding $2.5 billion since launch. The asset now generates around 1 million transactions monthly on the XRP Ledger DEX, with approximately 45,527 accounts holding RLUSD and 93,898 trust lines established.