CandleFocus

Ripple USD (RLUSD) Sees 300% Imbalance in Ethereum Over XRP Ledger

Ripple's stablecoin RLUSD is being primarily used on the Ethereum blockchain instead of XRP, signaling Ethereum's growing role in the stablecoin ecosystem. Currently, RLUSD worth $61,823,274 is being distributed on Ethereum, while only $21,995,883 is held on the XRP Ledger. This discrepancy is primarily due to Ethereum's established infrastructure and the prevalence of ERC-20 tokens. Though some platforms, like Bitstamp, are taking a cautious approach, RLUSD is seeing increased transaction volume and is compliant with EU regulations. The goal for Ripple USD is to capture a significant portion of the future $2.8 trillion stablecoin market.

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