Ripple Moves Over $500 Million of RLUSD to XRPL, Overtaking Ethereum in Late June

Ripple has shifted more than half a billion dollars of its Ripple USD (RLUSD) stablecoin onto the XRP Ledger (XRPL), which overtook Ethereum as RLUSD’s main network in late June. According to BeInCrypto, RLUSD on Ethereum peaked at over $1.25 billion on March 12 and fell to $660 million by July 13, while total supply held near $1.53 billion, pointing to a chain migration rather than redemptions. XRPScan data show Ripple’s issuer account on XRPL holds $871 million, or 57% of RLUSD, with the shift accelerating in the week of May 22.