Ripple’s RLUSD Adoption Surges With $160M in Circulation
The post Ripple’s RLUSD Adoption Surges With $160M in Circulation appeared on BitcoinEthereumNews.com.
RLUSD’s circulating supply hit $160 million, showing rapid adoption across Ethereum and XRPL networks. Thousands of wallets now hold RLUSD, reflecting rising trust in Ripple’s expanding stablecoin ecosystem. Who would have thought that Ripple’s stablecoin, RLUSD, which was initially just part of a limited test, is now starting to steal the market’s attention. From what initially seemed like an ordinary experiment, RLUSD now has a circulating supply of $160 million, according to IntoTheBlock. Source: IntoTheBlock In early March, CNF reported that RLUSD surpassed the trading volume of several competing stablecoins and began to enter a wider ecosystem through integration with Revolut and Zero Hash. Even then, the circulating tokens had only reached 120 million. So, in just a short time, there have been tens of millions of RLUSD tokens spread across the network. This is not a growth that can be considered a breeze. RLUSD Gains Momentum Across Ethereum and XRPL Interestingly, RLUSD is not only focused on one network. It moves nimbly between Ethereum and XRP Ledger (XRPL). During January, the total trading volume of this stablecoin reached $7.35 billion. If calculated, this means that billions of dollars changed hands in just a matter of weeks, an activity that shows how high the demand for this stablecoin is. Like a cake shop that suddenly went viral on social media, RLUSD is starting to attract crypto investors who want something stable yet full of growth potential. Furthermore, the latest data shows an increase in the number of Ethereum addresses holding RLUSD. In the past month, there has been a spike of around 15%, reaching 2,345 addresses. Garlinghouse and Deaton Back RLUSD’s Big Vision Behind the growth of RLUSD, there is a strong push from Ripple CEO, Brad Garlinghouse. He projects that RLUSD has the opportunity to enter the top five…
Filed under: News - @ March 23, 2025 8:17 am