Ripple’s Stablecoin Rises to Prominence, Outpaces Ethereum in Supply Metrics
In a landmark development, the US dollar-backed stablecoin RLUSD, affiliated with Ripple, has surpassed its Ethereum counterpart in supply on their respective blockchains. The XRP Ledger (XRPL) now hosts $801 million worth of RLUSD, slightly exceeding Ethereum’s $795 million supply. This milestone signifies a pivotal shift in stablecoin adoption patterns, hinting at changing preferences within the cryptosphere.