XRP Ledger processes $589.5B test transfer for near-zero fees
A recent transaction on the XRP Ledger (XRPL) has highlighted its ability to handle enormous sums at almost no cost. The network processed a single transfer worth 589.5 billion XRP for a fee of just 0.000012 XRP. This latest move comes as Ripple and major financial firms push further into blockchain-based payments. The test also coincides with an ongoing pilot program involving Mastercard, Gemini, and WebBank, which has been settling real credit card transactions using RLUSD stablecoins on the XRP Ledger since early November. The transaction itself did not involve XRP as the primary asset. Instead, a non-XRP token was transferred, with XRP used only to cover the minimal network fee. This approach showcases the XRP Ledger's flexibility in supporting multiple tokens beyond its native currency. The network's consensus mechanism allows transactions to finalise in seconds, even when processing large volumes. Unlike many blockchain platforms, the XRP Ledger maintains low costs and high speed, making it attractive for financial institutions. These features have drawn the attention of traditional payment firms looking to streamline cross-border settlements. Last year, Mastercard teamed up with Ripple, Gemini, and WebBank to explore RLUSD stablecoins on the XRP Ledger. The pilot program, launched on November 6, 2025, now settles actual credit card payments using RLUSD. Gemini issues the cards, while WebBank acts as the card issuer, marking a significant step toward mainstream crypto adoption. Beyond payments, Ripple is expanding its focus on decentralised finance (DeFi) within the XRP Ledger ecosystem. Recent developments include plans for staking options, reflecting a broader push into DeFi activity on the ledger. The 589.5 billion XRP transfer reinforces the XRP Ledger's reputation for efficiency and scalability. With ongoing pilot programs and growing DeFi integration, the network continues to attract major financial players. These moves suggest a shift toward wider adoption of blockchain technology in everyday transactions.
