The XRP Ledger absorbed $218 million in new RLUSD minting over the past 24 hours. That single-day inflow has pushed XRPL’s share of total RLUSD supply to 55%, according to validator Vet (@Vet_X0), who tracks the stablecoin’s distribution across chains.
The shift follows a report just days ago showing XRPL and Ethereum in a near-tie for RLUSD supply. That tie no longer holds.
The New Numbers
Current tracker data puts total RLUSD circulating supply at $1.6 billion. XRPL now holds $896 million of that total. Ethereum holds $727.8 million. The gap between the two chains has widened to roughly $168.2 million. Days ago, that gap measured in the single-digit millions. The change happened over a matter of days, not weeks.
Major liquidity on ramp to the XRP Ledger right now as we speak.
Last 24h about $218,000,000 in liquidity via $RLUSD minting came to XRPL.
Over the past weeks there has been a shift towards liquidity on the XRP Ledger.
Looking at the stats, 55% of all $RLUSD is on the XRPL. pic.twitter.com/RbufuIOOhR
— Vet (@Vet_X0) July 2, 2026
The XRP Validator’s Perspective
Vet operates a validator on the XRP Ledger, and he shared the updated figures with the community. The post described the $218 million inflow as part of a pattern building over recent weeks, with liquidity increasingly moving toward XRPL.
Considering the shift away from Ethereum, a community member asked why it was used in the first place rather than going all in on the XRP ledger. Vet’s response focused on incentives. “You give your customers all options, and if they are rational, then they will gravitate towards the better option that suits them best.” XRP offers numerous advantages over Ethereum, and more investors are transitioning as the differences become clearer.
CryptoSensei (@Crypt0Senseii), a well-known figure in the community, tied the numbers to broader market behavior. He stated, “Liquidity always moves before the headlines. Nice to see RLUSD adoption translating into real activity on XRPL.”
Why the Shift Matters
RLUSD is Ripple’s stablecoin, and its distribution across chains signals where institutions and traders find the best execution. XRPL offers fast settlement and low transaction costs. Those features carry weight for issuers and traders moving large volumes of stablecoin liquidity.
A week ago, XRPL and Ethereum sat at almost the same level. Now XRPL holds 55% of the RLUSD supply to Ethereum’s 45%. Sustained growth at this pace would mark a real change in how the market treats XRPL’s role in stablecoin infrastructure.
A single $218 million inflow day doesn’t confirm a permanent trend on its own. But the data now shows a consistent direction. XRPL’s RLUSD share has moved from parity to a clear lead in a short window, and the gap could widen more in the coming weeks.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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