TLDR
- Bitget Wallet expanded XRP Ledger support for XRP and RLUSD payments.
- Payments now account for about 53% of XRP Ledger network activity.
- RLUSD is the top asset on XRP Ledger by transaction volume.
- About 128 million RLUSD was burned across five transactions on March 31.
- RLUSD market capitalization fell below $1.4 billion after the burn activity.
The XRP Ledger is moving deeper into digital payments after Bitget Wallet expanded support for XRP and RLUSD in a way that gives the network a larger role inside its transaction flow. The update is centered on payments rather than simple chain support, with Bitget Wallet integrating XRP Ledger transfers and swaps into services aimed at routine value movement.
The timing matters because payment activity now represents a large share of XRP Ledger usage. The report indicates that payments account for about 53% of network activity, while RLUSD has become the top asset on the network by transaction volume. That points to a shift toward transfer-driven use rather than activity tied mainly to trading.
We're proud to announce XRP Ledger @XRPLF as a key Payment Partnership for Bitget Wallet.
This isn't just another chain integration — it's a deep, long-term collaboration to make XRP Ledger the backbone of real-world crypto payments within the Bitget Wallet ecosystem.
Full…
— Bitget Wallet 🩵 (@BitgetWallet) March 31, 2026
Bitget Wallet users can now access XRP Ledger mainnet transfers for XRP and RLUSD directly through the wallet. The integration also allows cross-chain swaps involving XRP Ledger assets and tokens on other networks. This gives users more direct access to the XRP Ledger ecosystem while reducing some of the friction often associated with moving funds between chains.
The broader payment focus also aligns with Ripple’s efforts to position RLUSD as a regulated stablecoin alternative in a market led by USDT and USDC. As RLUSD gains more transactional use, wallet integrations like this one become increasingly important for cross-border transfers and daily payment tools.
Bitget Wallet Builds a Larger Payments Role for XRP Ledger
The Bitget Wallet update goes beyond adding one more supported blockchain. Based on the material provided, the XRP Ledger is being used as a core payment rail within the wallet’s broader service architecture. That means the focus is on value transfer, stablecoin settlement, and future payment functions rather than only token storage.
RLUSD appears central to that strategy. The stablecoin already supports on-ramp and off-ramp functions, while crypto cards, QR payments, and bank transfers are described as upcoming features. If those tools are rolled out as planned, Bitget Wallet could become a larger channel for XRP Ledger-based payments in both peer-to-peer and merchant-facing settings.
This direction also fits with a wider industry trend in which wallets are trying to hide blockchain complexity from end users. Instead of requiring users to manage every technical step, platforms increasingly handle transfers, swaps, and settlement within a single application. In that setting, the XRP Ledger can serve as a payment infrastructure without requiring users to have specialist knowledge.
RLUSD Supply Contracts After Large Burn Transactions
At the same time, the RLUSD supply moved lower at the end of March. According to data from Etherscan, about 128 million RLUSD tokens were removed from circulation in five consecutive burn transactions. The largest single burn was reported at 79 million RLUSD.
🔥🔥🔥🔥🔥🔥🔥 19,000,000 #RLUSD burned at RLUSD Treasury.https://t.co/mkqqi1AEao
— Ripple Stablecoin Tracker (@RL_Tracker) March 31, 2026
The report describes these burns as part of the standard redemption process rather than a sign of stress. In stablecoin markets, large holders, market makers, or institutional counterparties can return tokens to the issuer and receive the equivalent amount in US dollars. The redeemed tokens are then burned to keep the supply aligned with reserves.
Following these transactions, RLUSD’s market capitalization fell below $1.4 billion, according to figures from CoinMarketCap. That placed the stablecoin ninth among dollar-backed stablecoins by market value. A reduction of this kind can happen when institutions move funds back into fiat for liquidity management or period-end reporting.
