About 52 percent of the circulating supply of RLUSD, a stablecoin issued by Ripple, has moved to the XRP Ledger (XRPL), exceeding half for the first time.

U.Today, a blockchain media outlet, reported on Wednesday that RLUSD is quickly increasing its share on XRPL as adoption expands.

On-chain data released by Evernode, a financial firm related to the XRP ecosystem, show that more than half of RLUSD’s total circulating supply is now on XRPL. That is a sharp increase from 17 percent recorded in April 2025.

The network split is also changing. RLUSD held on Ethereum has fallen to about $700 million recently from about $1.24 billion in February 2025. Ethereum still holds the remaining 48 percent of RLUSD’s total circulating supply, but the central axis of issuance and liquidity management is moving quickly toward XRPL.

Evernode said RLUSD’s expansion on XRPL is not limited to a shift in balances and is leading to increased trading activity. It said the rise in RLUSD trading is not replacing XRP but contributing to growth of the XRP network. That is because network fees are generated in XRP whenever RLUSD transactions occur on XRPL.

The structure was more clearly seen in the RLUSD/XRP trading pair. Over the past six months, the pair processed about $900 million in trading volume. That accounts for nearly 90 percent of all RLUSD trading activity on XRPL, reinforcing a structure in which greater RLUSD trading also increases XRP use on XRPL.

With trading volume rising, RLUSD has become one of the most actively traded assets on XRPL. That confirms RLUSD has moved into an XRPL-dominant zone by circulating supply and has also established itself as a core group of network assets in actual trading.

The trend shows where RLUSD’s issuance base is placing more weight. By current figures, Ethereum still maintains a large share, but the pace of increase in recent months has been much steeper on XRPL. RLUSD’s future direction of expansion is therefore likely to depend on whether liquidity and trading demand within XRPL continue to be sustained.

As recently as April, ~17% of all RLUSD sat on XRP. Today it’s ~52% while RLUSD on Ethereum has drawn down from its February peak near $1.24B. Full report here: https://t.co/ivQsTfoc2J This content is for informational purposes only and does not constitute investment advice.… pic.twitter.com/oJqlTGppmb