RLUSD stablecoin popularity grows as circulation surpasses $100 million
The coin is getting popular
The total market capitalization of stablecoins has reached $230 billion. While RLUSD’s share remains relatively small, the asset continues to gain traction, with 108.66 million tokens in circulation across two blockchain networks.
According to Bitcoin.com, RLUSD was launched by Ripple Labs in late 2024 to simplify cross-border transactions and link digital finance to the stability of the U.S. dollar. The token operates on both Ethereum and the XRP Ledger, facilitating its integration into the decentralized finance (DeFi) ecosystem.
RLUSD supply growth and distribution patterns
As of late December 2024, there were 72 million RLUSD tokens in circulation, but in the following weeks, supply surged by 51%, reaching 108 million tokens. The majority—83.33 million—is issued on the Ethereum network, while 24.67 million RLUSD reside on the XRP Ledger.
Although RLUSD’s presence on the XRP Ledger remains modest, its activity is actively tracked by the Ripple Stablecoin Tracker analytics platform. On Ethereum, 1,451 addresses hold RLUSD, with a total of 5,267 transactions recorded. Notably, the top 100 wallets collectively control 99.88% of the circulating RLUSD supply on Ethereum, indicating a high concentration of ownership and highlighting the early distribution phase.
Recently, Ripple partnered with Chainlink, a decentralized oracle network, to enhance the adoption and utility of its RLUSD stablecoin in decentralized finance (DeFi) applications.
