RLUSD Ethereum Supply Hits Record, Narrowing Gap With XRP Ledger

Woofun AI reports that Ripple's RLUSD has reached a record supply level on Ethereum, effectively narrowing the distribution gap with the XRP Ledger as the asset solidifies its multichain status.

The latest minting of $50 million in RLUSD on Ethereum pushed the total circulating supply to approximately $1.63 billion. Current metrics reveal a near-parity split: the XRP Ledger holds $817.5 million (50.18%), while Ethereum accounts for $811.7 million (49.82%), leaving a mere $5.7 million difference between the two networks.

Woofun AI data shows that this balance has shifted rapidly, reflecting active rebalancing rather than static allocation. In June, the XRP Ledger briefly held a larger share, but by late July, total supply stood at $1.60 billion with $896 million on XRPL and $699 million on Ethereum, highlighting significant volatility in distribution trends.

Structurally, this expansion leverages Ethereum's mature ecosystem of decentralized exchanges, lending protocols, stablecoin markets, and institutional infrastructure. Binance has further integrated the asset by listing XRP/RLUSD and RLUSD/USDT trading pairs, providing RLUSD with direct access to global trading liquidity.

This strategy confirms that RLUSD is natively issued on both chains, backed by segregated reserves and pegged one-to-one with the U.S. dollar. The move signals a deliberate effort to deploy liquidity where demand exists, rather than treating either blockchain as a permanent home.