Ripple's USD-pegged stablecoin, RLUSD, has reached a total supply of 120 million just two months after its launch. The supply expansion was driven by increased adoption on the XRPL, which offers cheaper transaction fees compared to Ethereum. RLUSD's credibility has been enhanced by listings on various exchange platforms and integration into financial apps like Revolut. There are plans to integrate RLUSD into the Cardano blockchain, which could further increase its accessibility. The adoption of RLUSD has also improved the stability of the XRP market, with analysts predicting that its growth will boost XRP prices in the long run.
Content Editor ( cryptopolitan.com )
- 2025-02-18
Ripple’s RLUSD stablecoin surpasses $120 million supply
