RLUSD Hits Record High Amid Ripple’s Institutional Push — But XRP Is Left Behind

Ripple's US dollar-backed stablecoin, RLUSD, has surged past a $1.38 billion market capitalization, driven by significant institutional adoption, including a new partnership with LMAX Group to integrate RLUSD as core collateral across its global marketplace. This growth is further supported by Interactive Brokers enabling clients to fund accounts with RLUSD, and regulatory approvals from bodies like the Abu Dhabi FSRA, positioning RLUSD as a key bridge between TradFi and digital assets.

However, this success has not translated to XRP, which is lagging behind. A major concern is that nearly 76% of RLUSD's supply resides on the Ethereum network rather than Ripple's native XRP Ledger (XRPL). This distribution limits XRP's direct utility, as Ethereum transactions do not contribute to XRP burns or holder revenue, leading to community debate about the point of Ripple's innovations for XRP holders.

(Source：BeInCrypto)