The information indicates that roughly $390 million of RLUSD's supply is on the Ethereum network, and the remaining $65 million is on the XRP Ledger of Ripple.
Remarkably, the quantity of the stablecoin on Ethereum has increased by over four times since January, according to Token Terminal, a blockchain analytics website.
Market researchers pointed out that RLUSD's remarkable market rise has been attributed to a number of important variables.