Stablecoin RLUSD

RLUSD from Ripple has quickly attracted attention and thus has joined the list of the fastest-growing stablecoins. Launched for over 4 months, it has achieved a market capitalization increase of over 294 million USD, which is quite impressive.

Although it is a product of Ripple, most RLUSD in circulation is on the Ethereum blockchain, with 67.89%, and the remaining 32.11% on the Ripple blockchain. The fact that RLUSD is still limited to just 2 chains may be holding it back. RLUSD has the potential to become more popular if it expands to other leading chains like Solana and Tron.