How much RLUSD is on XRPL vs Ethereum?

The majority of RLUSD supply is on Ethereum, driven by DeFi protocol demand (Aave, Curve). The XRPL holds a smaller share but has the most individual holders. Check the live tracker above for current numbers.

Why is RLUSD supply shrinking on XRPL?

RLUSD supply shifts between chains based on demand. Ethereum DeFi protocols lock large amounts of RLUSD, while XRPL usage is primarily retail trading with smaller balances. Ripple periodically rebalances supply between chains.

Is RLUSD better on XRPL or Ethereum?

For trading and payments, XRPL is better — near-zero fees, 3-5 second finality, no MEV. For DeFi lending and composability, Ethereum has more options (Aave, Curve, Compound). Choose based on your use case.

Insights

RLUSD Supply: XRPL vs Ethereum

Q: Who is the largest RLUSD holder on XRPL?

Ripple is the largest RLUSD holder on the XRP Ledger, holding reserves for exchange settlements and liquidity provisioning. On Ethereum, the largest holder is the Aave lending contract with over $300M.

Live on-chain data showing how RLUSD supply is distributed between the XRP Ledger and Ethereum. Updated every 30 minutes.

XRPL Supply

N/A

Ethereum Supply

$648.56M

Total Supply

$648.56M

XRPL Holders

N/A

ETH Holders

12,559

XRPL Trustlines

N/A

Last updated: 7/19/2026, 2:04:52 PM

RLUSD Supply Is Shifting to Ethereum

RLUSD launched on both the XRP Ledger and Ethereum in December 2024. Since then, the distribution has shifted dramatically. Ethereum now holds the vast majority of RLUSD supply, while the XRPL share has shrunk below $190 million.

The current ratio is roughly 0.0% on XRPL vs 100.0% on Ethereum. This is driven by institutional DeFi demand on Ethereum — particularly lending protocols like Aave and liquidity pools on Curve.

Why Is Most RLUSD on Ethereum?

DeFi composability

Ethereum has Aave, Curve, Compound, and hundreds of DeFi protocols. RLUSD can be used as collateral, lent out, or paired in liquidity pools. The largest single RLUSD holder is the Aave contract with over $300M.

Institutional custody

Large institutions use Ethereum-based custody solutions. Ripple itself holds a significant amount of RLUSD on Ethereum for treasury operations and exchange settlements.

L2 expansion

RLUSD is expanding to Ethereum L2s (Optimism, Base, Ink, Unichain) via Wormhole NTT, creating even more demand for the ERC-20 version.

The Holder Paradox: 0.0% of Holders Are on XRPL

While Ethereum dominates supply, the majority of individual RLUSD holders are on the XRP Ledger ( vs 12,559 on Ethereum). This creates an unusual distribution:

Metric	XRPL	Ethereum
Share of Supply	0.0%	100.0%
Supply Value	$0	$648.56M
Holders		12,559
Average Balance		$51.6K
Transaction Fee	~$0.00002	$1-50+
Settlement	3-5 seconds	12-60 seconds
Largest Holder	Ripple	Aave (~$330M)

XRPL holders are mostly retail traders using RLUSD as a stable pair on the DEX. Ethereum holders are DeFi contracts and institutions holding large balances.

Who Is the Largest RLUSD Holder on XRPL?

Ripple is the largest holder of RLUSD on the XRP Ledger. This is because Ripple mints RLUSD on both chains and holds reserves for exchange settlements, liquidity provisioning, and cross-chain rebalancing.

On Ethereum, the largest holder is the Aave lending contract (~$330M), followed by Ripple's own deployer wallet (~$114M) and the Curve RLUSD/USDC pool (~$24M).

RLUSD Burns and Supply Fluctuations

RLUSD supply is not fixed — it changes daily as Ripple mints and burns tokens. In March 2026, nearly 180 million RLUSD was burned in a single day as part of quarterly settlements, and an additional $128M was redeemed at quarter-end.

These burns primarily happen on Ethereum, where institutional redemptions are larger. The XRPL supply tends to be more stable since individual holder balances are smaller.

What Does This Mean for XRPL Traders?

The supply imbalance does not mean RLUSD is less useful on the XRPL. For traders, the XRP Ledger remains the better chain for RLUSD because:

Near-zero transaction fees (~$0.00002 vs $1-50+ on Ethereum)
3-5 second finality vs 12-60 seconds on Ethereum
No MEV or sandwich attacks — the XRPL consensus model prevents front-running
Native DEX order book + AMM liquidity available without smart contract risk

Ethereum holds more supply because that is where DeFi protocols lock large amounts. But for active trading, payments, and earning yield in AMM pools, the XRPL version is faster and cheaper.

RLUSD Contract Addresses

XRPL Issuer

rMxWzrBMyFgsQEhz2osz4PGYmBqR3JJe3q

Ethereum (ERC-20)

0x8292bb45bf1ee4d140127049757c2e0ff06317ed

Trade RLUSD on XRPL

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