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92% of $1.65B RLUSD swaps on XRP Ledger traded against XRP, showing XRP's key role in stablecoin liquidity in 2026

Market News
09 Nov 2026, 14:59 WIB
Coinpaper
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Neutral
92% of $1.65B RLUSD swaps on XRP Ledger traded against XRP, showing XRP's key role in stablecoin liquidity in 2026

Evernorth Holdings reports that 92% of the $1.65 billion Ripple USD (RLUSD) swaps on the XRP Ledger's decentralized exchange in 2026 involved XRP, highlighting XRP's central role in stablecoin liquidity rather than being displaced by RLUSD. Stablecoin trading on the XRP Ledger has grown significantly, with stablecoins making up 86% of XRP trading volume in 2026, up from 10.5% in 2024. While increased RLUSD activity boosts XRP trading opportunities, it does not necessarily mean net buying of XRP. This dynamic is important as Ripple expands institutional partnerships and prepares new financial applications, including potential lending features.

XRP trades at Rp19.823 on Pluang, down 5.82% as of Nov 09, 2026 20:25 WIB, with a market cap of Rp1.262,53 trillion and a 24-hour volume of Rp53,26 trillion. Despite the heavy use of XRP in RLUSD swaps reported by Evernorth, XRP's price on Pluang shows notable volatility. The platform data also reveals a buying interest with 62% of orders as buys and a typical hold time of 73 days, indicating sustained investor engagement amid evolving stablecoin dynamics.

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