Ripple USD (RLUSD) Hits Major Record On XRP Ledger

The XRP Ledger has reached a major milestone for RLUSD, with the stablecoin’s supply on the network surpassing $1 billion.

XRPL Validator Vet highlighted the development in a tweet, pointing to RLUSD’s growth alongside several other stablecoins already operating on the ledger. Vet wrote that the progress made over the past two years shows how quickly the XRP Ledger’s issued-asset ecosystem is expanding.

RLUSD Supply Crosses $1 Billion

In the tweet, Vet announced that RLUSD had crossed $1 billion in supply on the XRP Ledger. The validator described the milestone as a significant change from the network’s state two years ago.

“Compared to 2y ago this is a night and day difference,” Vet wrote, adding that the XRP Ledger has made “tremendous progress” and that the pace of development is accelerating.

The $1 billion RLUSD supply represents a notable increase in the amount of the stablecoin issued on the XRP Ledger. RLUSD is designed to maintain a stable value relative to the U.S. dollar and has become part of the network’s growing stablecoin infrastructure.

Vet did not present the RLUSD milestone in isolation. Instead, the validator connected it to the broader expansion of issued assets on the XRP Ledger.

Several Stablecoins Highlighted

Vet pointed to several other stablecoins and digital assets operating on the XRP Ledger. The post specifically mentioned Braza Bank’s USDB, Société Générale’s EURCV, Circle’s USDC, and Schuman Financial’s EUROP.

The reference to these assets highlights the increasing range of stablecoins available within the XRP Ledger ecosystem. These assets represent different currencies and issuers, adding to the network activity beyond XRP.

Vet also referenced P-DEX users when mentioning EUROP, indicating the relevance of these issued assets to decentralized exchange activity on the ledger.

The validator’s comments focus on the XRP Ledger’s ability to support multiple issued assets rather than concentrating activity around a single token. This reflects one of the network’s core functions, as the ledger includes a decentralized exchange that allows users to trade issued assets.

Vet Emphasizes XRP Ledger’s Issued-Asset Design

Vet further explained the role of issued assets within the XRP Ledger. According to the validator, “The XRP Ledger loves issued assets,” with its decentralized exchange operating at the core of the network.

Vet also emphasized XRP’s role within this structure, describing it as a digital commodity that supports the ledger’s decentralized exchange environment.

The comments present the $1 billion RLUSD milestone as part of a broader development in the XRP Ledger ecosystem. Rather than viewing stablecoin supply as a standalone achievement, Vet linked RLUSD‘s growth with the expanding presence of other stablecoins and issued assets.