XRP on Wall Street: Evernorth Reveals a Huge RLUSD-XRP Link

The report from Evernorth comes amid heated debates online abou the role of XRP. The Nasdaq-listed company built around an actively managed XRP treasury has released a detailed report on the XRP Ledger’s push into tokenized finance. The data suggests that while RLUSD has become an increasingly important dollar-denominated settlement asset, its growth is not necessarily coming at the expense of XRP. RLUSD Growth Runs Through XRP CryptoPotato reported yesterday on the heated debate online between some XRP Army members, who claim that Ripple’s leadership has not taken any steps to support the cross-border token’s price valuation. Evernorth’s report also takes a side but tries to explore the question from a different angle. It said that approximately $400 billion in real-world assets and nearly $300 billion in dollar stablecoins have now been tokenized globally, but only around $39 billion can currently be traded, settled, or pledged directly on the chains where they reside. The thesis is that the next phase of tokenization will be less about simply recording assets on-chain and more about making those assets usable. XRPL has made substantial progress on that front, as tokenized value ...