Institutional Interest Drives XRP Ledger Growth to $4.4 Billion

The XRP Ledger's total tokenized real-world asset value has reached a record $4.4 billion, according to Evernorth CEO Ashish Birla.

Birla attributed this growth to RLUSD's expansion on the XRP Ledger, which he described as 'paramount' to the network's ecosystem.

RLUSD is a dollar-backed stablecoin that has seen its share of XRP Ledger supply climb from roughly 20% to 34%, representing 642% growth, Birla said.

This growth is directly tied to how global finance operates, with almost every financial product paired and settled with US dollars, Birla argued.