XRP ETF Volume Hits Record High as Ripple's RLUSD Surpasses $2B
XRP is gaining momentum on two fronts as U.S. spot XRP ETFs posted their highest trading volume since launch and Ripple's RLUSD stablecoin surpassed $2 billion in market capitalization.
According to on-chain metrics provider XRP Update, U.S. spot XRP ETFs recorded $125 million in daily trading volume on August 20, setting a new post-launch high.
The strong performance of XRP ETFs is reflected in the significant net inflows, which have topped $56 million this month, pointing to growing investor activity around regulated XRP investment products.
Ripple's RLUSD stablecoin has also made significant strides, surpassing $2 billion in market capitalization. Nearly $1 billion of RLUSD is now issued on the XRP Ledger (XRPL), highlighting its expanding role within Ripple's broader blockchain ecosystem.