RLUSD supply grows more on Ethereum than on XRP Ledger
BROBROK News · Based on reporting by DiarioBitcoin ·
Ripple’s RLUSD stablecoin has reached about $2.57 billion in circulation, but most of its supply remains on Ethereum rather than XRP Ledger. DefiLlama data shows roughly $1.72 billion on Ethereum and about $850 million on XRP Ledger.
Key points
- RLUSD has surpassed $2.5 billion in circulating supply.
- Around two-thirds of the supply is on Ethereum, according to DefiLlama.
- Over the past month, Ethereum’s RLUSD supply rose while XRP Ledger’s fell.
- Brad Garlinghouse said RLUSD competes with other stablecoins, not with XRP.
- Ethereum’s deeper DeFi ecosystem may help explain the distribution.
Why it matters
The split shows where RLUSD is gaining traction across supported networks. For crypto investors, it suggests Ripple’s stablecoin growth is not translating into the same level of activity on XRP Ledger.
Original headline: “RLUSD crece más en Ethereum que en XRP Ledger, pese al interés de Ripple”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.