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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