Ripple's RLUSD Surpasses 120 Million Tokens, Boosting XRPL's Decentralized Finance Role

Ripple's RLUSD stablecoin has reached a significant milestone, with its circulating supply surpassing 120 million tokens. This achievement, reported by Kryptorevolution, highlights the growing adoption of Ripple's dollar-pegged instrument and the increasing competitiveness of the XRP Ledger (XRPL) in decentralized finance infrastructure.

The XRPL has emerged as the dominant platform for RLUSD, with approximately 37.4 million tokens now circulating on the ledger, representing 31% of the total supply. This shift reflects the operational advantages of the XRPL, particularly its low transaction fees compared to Ethereum. The XRPL processes payments at $0.0002 per transaction, a 9,000x cost differential compared to Ethereum's average gas fees during peak congestion. This makes the XRPL a pragmatic settlement layer for high-frequency stablecoin transfers, especially in cross-border payments and microtransactions.

The migration of RLUSD to the XRPL aligns with Ripple's strategic listings on institutional platforms like Revolut and Margex, which now support XRPL-native RLUSD liquidity pools. These integrations reduce friction for enterprises to hold and settle in RLUSD, amplifying the stablecoin's utility as a bridge between fiat and digital asset economies.

The expansion of RLUSD coincides with Ripple Labs' aggressive push into real-world asset (RWA) tokenization. The XRPL's native decentralized exchange (DEX) and compliance-friendly features enable institutions to tokenize commodities, securities, or invoices as XRPL-issued tokens while using RLUSD for liquidity provisioning and fee payments. This symbiotic relationship creates incremental demand for XRP, the ledger's native currency required to facilitate transactions.

Analysts note that XRP's circulating supply remains deflationary due to periodic token burns from transaction fees. As RLUSD activity grows, this mechanism could magnify price impacts. Market observers are now monitoring whether RLUSD's liquidity depth on the XRPL will attract algorithmic trading firms and decentralized app (dApp) developers, further entrenching the stablecoin's role in blockchain-based finance.

With Ripple securing partnerships in Central Bank Digital Currency (CBDC) projects and institutional payment corridors, RLUSD appears positioned to serve as both a settlement rail and reserve asset. These dual functions may redefine