Ripple recently announced its RLUSD stablecoin reached approximately $2.02 billion as of August 25, marking an eightfold growth since April 2025. Nearly half of this total, about $962.8 million, is issued on the XRP Ledger, while $1.05 billion is on Ethereum. The RLUSD-XRP trading pair handled around $900 million in the six months to late June, accounting for close to 90% of all RLUSD trading on the XRP Ledger. However, this monthly volume of about $150 million is small compared to XRP's daily trading volume of $12.7 billion. Ripple's proposed lending protocol, requiring 80% validator approval for two consecutive weeks, aims to allow XRP holders to earn interest, providing a reason to hold the token.