XRP Ecosystem Sees Record Growth as Institutional Investors Jump In

Ashish Birla, CEO of Evernorth, says that institutional investors are no longer waiting to jump into the XRP Ledger ecosystem. He points out that RLUSD's expansion on the XRP Ledger has led to a significant increase in liquidity across the network. The dollar-backed stablecoin's share of XRP Ledger supply has climbed from 20% to 34%, representing a 642% growth.

Birla attributes this growth to the fact that almost every financial product, including equities and gold, is paired and settled with US dollars. He believes that having a high-quality dollar stablecoin on the ledger is fundamental to building deeper order books.

The total tokenized real-world asset value on the XRP Ledger has reached a record $4.4 billion, according to Birla. This figure suggests that institutional participation in the ecosystem is accelerating.