The RLUSD stablecoin will increase the demand for XRP, says Axelar co-founder.

According to data from CoinMarketCap, $XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP in circulation.

XRP experienced a historic surge in November 2024 due to political tailwinds and new ecosystem developments. Georgios Vlachos, co-founder of the open-source interoperability platform Axelar, told Cointelegraph that the upcoming RLUSD stablecoin will likely drive demand for XRP in 2025.

Vlachos said that many people, including those from emerging economies, use stablecoins as a transaction method and a store of value. Transactions and remittances of RLUSD will mainly be settled on the XRP Ledger (XRPL) and the XRP-EVM sidechain, boosting the demand for XRP. Vlachos told Cointelegraph:

"When you make those transfers, you pay the gas in XRP. Therefore, XRP holders will still benefit because you burn some XRP every time you make a transaction."