Evernorth report shows 92% of $1.65 billion RLUSD swaps on XRPL paired with XRP

A new report from Evernorth, a treasury management firm specializing in XRP-based digital assets, has provided detailed data on the interactions between RLUSD and XRP on the XRP Ledger’s native decentralized exchange (DEX). The findings challenge concerns that RLUSD’s rapid growth could diminish XRP’s significance within the XRP Ledger (XRPL) ecosystem. Trading activity on XRPL’s DEX has shifted dramatically over the past three years. In 2024, only 10.5% of XRP’s trading volume involved stablecoins or fiat-backed tokens. That proportion jumped to 50% in 2025 and reached 86% in 2026 so far, reflecting a surge in dollar-denominated trades on the network. Despite these trends, the Evernorth report indicates that XRP’s central role on the ledger remains intact.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.