Evernorth CBO Explains What RLUSD Really Does to XRP

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The growing adoption of Ripple USD (RLUSD) has revived questions about its long-term impact on XRP.

While some market participants have suggested the stablecoin could reduce XRP’s relevance, new data highlighted by crypto commentator X Finance Bull points in the opposite direction, indicating that RLUSD’s expansion may be increasing activity across the XRP Ledger.

In a post on X, the commentator challenged the view that RLUSD could diminish XRP’s utility. Instead, the post noted comments from Evernorth Chief Business Officer Sagar Shah, who explained how the stablecoin functions alongside XRP and why its expansion benefits the broader XRP Ledger ecosystem.

Evernorth Executive Explains RLUSD’s Role

According to Shah, RLUSD does not replace XRP because the two assets serve different purposes on the network. He explained that every RLUSD trade and transfer ultimately settles on the XRP Ledger, while RLUSD is primarily paired against XRP for trading.

He also noted that RLUSD has become one of the network’s most actively traded assets. Shah said the stablecoin’s share of total on-chain trading on the XRP Ledger increased from less than 1% to approximately 12% in under 18 months. During the past six months alone, the RLUSD/XRP trading pair processed roughly $900 million in trading volume.

Shah emphasized that this growth directly contributes to XRP network activity. As more users transact with RLUSD, the underlying settlement process generates additional activity on the XRP Ledger while also supporting deeper liquidity for XRP markets.

Half of RLUSD Supply Now Resides on XRP Ledger

X Finance Bull also highlighted one of the most notable statistics from Shah’s presentation. According to the executive, about half of all RLUSD currently in circulation is issued on the XRP Ledger, representing a significant increase from approximately 17% recorded in April.

The commentator presented this figure as evidence that RLUSD adoption on XRPL has accelerated rapidly over a relatively short period. The tweet further stated that every dollar traded through RLUSD results in XRP network activity, reinforcing the argument that greater stablecoin usage supports the ledger’s overall growth.

Shah concluded that RLUSD and XRP fulfill separate functions within the ecosystem. While RLUSD provides a dollar-denominated asset for payments and trading, XRP continues to serve as the settlement asset that powers transactions across the network.

Growing Stablecoin Adoption May Increase XRP Network Usage

The comments shared by X Finance Bull add to the ongoing conversation surrounding RLUSD’s expanding presence on the XRP Ledger. Rather than positioning the stablecoin as a competitor to XRP, the presentation argues that increasing RLUSD adoption creates additional transaction volume, enhances market liquidity, and drives greater utilization of the XRPL infrastructure.

As RLUSD continues to gain traction, supporters maintain that its growth could sustain activity across the XRP Ledger while reinforcing XRP’s role as the network’s native settlement asset.

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