Ripple's RLUSD Stablecoin Reaches $120 Million, Surpassing Ethereum on XRP Ledger

Ripple's regulated stablecoin, RLUSD, has achieved a total supply of $120 million, marking a significant milestone according to CryptoQuant analyst Maartunn's analysis. The XRP Ledger (XRPL) now holds approximately 37.4 million RLUSD, exceeding Ethereum, which holds below 83.3 million RLUSD. Maartunn noted on X that the shift towards XRPL is likely due to lower transaction fees compared to Ethereum. Since its launch on December 17, RLUSD has been integrated into platforms like Bitstamp and Revolut, driving adoption. On February 10, Ripple minted over 1.05 million tokens, indicating ongoing supply expansion. While RLUSD's growth is notable, it still trails behind market leaders like USDC ($56.5 billion) and USDT ($142 billion).