Ripple’s $2.6 Billion Stablecoin is Growing on Ethereum, Not XRP
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Ripple’s RLUSD stablecoin has reached roughly $2.6 billion in supply, but about two-thirds of that total is held on Ethereum rather than the XRP Ledger, according to DefiLlama data. The split highlights a divergence between Ripple CEO Brad Garlinghouse’s push for RLUSD use cases on XRPL and where the token’s supply is actually concentrated. The distribution matters because it suggests Ethereum’s deeper DeFi ecosystem is currently driving adoption of the Ripple-linked stablecoin. Market participants will be watching whether RLUSD activity migrates toward the XRP Ledger as Ripple promotes new use cases there.
Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.
Named in this story
RLUSD, Ripple (XRP), XRP Ledger, Ethereum (ETH), DefiLlama
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