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RLUSD Trading Share on XRP Ledger Climbs to 12% in 18 Months, Data Shows No Threat to XRP

GateNews
RLUSD-0.04%
XRP1.38%
According to Evernorth, an XRP treasury company, on-chain analysis of the XRP Ledger reveals RLUSD is strengthening the network rather than displacing XRP. RLUSD's share of trading volume on the XRP Ledger has surged from less than 1% to approximately 12% in under 18 months. The RLUSD/XRP trading pair alone has generated nearly $900 million in volume over the past six months, creating a deep dollar-denominated market on-chain. More than 50% of RLUSD's total supply now resides on the XRP Ledger, compared to just 17% in April. Every RLUSD transaction settles on the XRP Ledger and pays fees in XRP, meaning increased RLUSD adoption drives additional demand for XRP.
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