Ripple Launches RLUSD Stablecoin, Surprising DeFi Users with Ethereum Integration
Ripple has launched its RLUSD stablecoin, entering the DeFi market, but recent data revealed that about 70% of RLUSD's total supply was issued on the Ethereum blockchain, surprising many users.
The total supply of RLUSD is approximately 294 million tokens. Of this, 32% (or 94.4 million tokens) were issued on $XRP Ledger (XRPL), while the remaining 68% (or 199.6 million tokens) were issued on Ethereum.
$ETH is the dominant blockchain for stablecoins, offering integration with popular DeFi platforms like Uniswap, Aave, and Curve.
Ripple’s decision to issue RLUSD on Ethereum enables immediate access to existing DeFi ecosystems, boosting RLUSD’s utility.
Ripple is prioritizing a multi-chain ecosystem, aiming to expand RLUSD’s presence across various blockchains to compete with existing stablecoins in the market and build trust among DeFi users.
RLUSD’s success will depend on user adoption, integration with DeFi protocols, and regulatory clarity.
Ripple envisions RLUSD’s multi-chain potential, ensuring it plays a central role in future blockchain ecosystems, not limited to XRP Ledger alone.
