On June 7, XRP Ledger, a leading blockchain network, experienced an impressive growth in the supply of stablecoins, soaring over $762 million.
According to DeFiLlama, XRP Ledger has witnessed a growth of more than 100% in the last 30 days in its stablecoin volume, thanks to the growing adoption of its native stablecoin RLUSD.
RLUSD Grows with New Partnership and Cross-Chain Expansion
According to the on-chain data, RLUSD is dominating the leaderboard of stablecoins on XRPL by holding up around $754 million of total volume. It is followed by other stablecoins like USDC, EURQ, USDQ, and others.
RLUSD is one of the rapidly growing regulated stablecoins in the market amid the positive developments in the regulatory framework. The stablecoin was launched in 2025 under a New York Department of Financial Services (NYDFS) trust company charter. It is backed by USD in a 1:1 ratio, along with other assets like Treasuries and cash equivalents. BNY Mellon is its main custodian.
At the time of writing, the cumulative market capitalization of RLUSD is currently around $1.68 billion with a total circulating supply of around 1.68 billion tokens. This is a major jump from last year. In May 2026, it created an all-time high of around $1.76 billion.
According to DeFiLIama, Ethereum and XRPL are holding a large part of the stablecoin supply, respectively 82% and 18%. The daily trading volume is currently revolving around $133 million.
Stablecoin Market Soars Amid Regulatory Developments
The growth in stablecoin supply on XRPL is coming at a time when the overall stablecoin market cap has soared by over $320 billion.
Recently, Ripple has unveiled its partnership with three major Turkish platforms, including BiLira, Bitexen, and Bitlo. This partnership will expand the stablecoin’s adoption among institutions in one of the biggest active crypto markets. This market is showing around $200 billion in annual transaction volume. It will expand RLUSD’s use cases in various domains, including payments, tokenization, and collateral.
Recently, RLUSD has also announced the integration with Wormhole bridge, which will allow it to expand its presence on various Ethereum Layer 2 networks, including Base, Optimism, Unichain, and Ink by using Wormhole’s Native Token Transfer standard. This is the major announcement for the stablecoin as it will enhance liquidity.
Ripple is also planning to expand its presence across different blockchain networks in the upcoming time. “Ripple expects to launch RLUSD on additional chains next year, subject to final regulatory approval. This expansion is a significant step toward diversifying the stablecoin ecosystem and delivering on its commitment to a truly multichain future,” stated in the official announcement.
In January of this year, LMAX Group announced that Ripple had allocated $150 million and integrated RLUSD as a core collateral and settlement asset for institutional foreign exchange and crypto trading.
In May 2026, Copper added RLUSD in its Stablecoin Rewards Program for institutional clients. Major exchanges such as Binance, OKX, Kraken, BitStamp, and Gemini have also listed RLUSD or integrated it into their platforms.
In February, Ripple announced a partnership with Aviva to bring traditional assets onto the XRPL.
The growth in the stablecoin market on XRPL is coming at a time of developments in the regulatory frameworks. In 2025, U.S. President Donald Trump signed the GENIUS Act and formed the first federal law for stablecoins.
Apart from this, there is major progress in the CLARITY Act after the Senate Banking Committee approved a bill in the recent markup session. However, the banking sector has raised questions about the stablecoin yield mentioned in the draft.
JPMorgan Chase CEO Jamie Dimon said that “it allows them to effectively pay interest on deposits, stablecoins, or something like that, without the protection that they should have. The banks will not accept it that way. … I’m not worried about stablecoins, but if it happened, I’m telling you I will have nothing to do with it, and it will eventually blow up.”
