In the two months since its launch, Ripple's USD stablecoin RLUSD has seen over 100,000 transactions, with the majority occurring on the XRP Ledger and a smaller number on Ethereum. The higher uptake on the XRP Ledger may be due to its greater efficiency and lower transaction costs compared to Ethereum. RLUSD's adoption in DeFi activity on the XRP Ledger has grown following a recent market maker clawback amendment, with at least 66 liquidity pools based on the asset. RLUSD currently has a market cap of over $108 million, and there are expectations that it will benefit from regulations and integration with Ripple's cross-border payments business in the future. However, the lack of support from popular exchanges like Binance, Coinbase, and Kraken may be hindering further adoption.



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