Ripple’s RLUSD Dominates on Ethereum, Sparking XRPL Concerns
- RLUSD’s circulating supply is approximately $1.45 billion, with about $1.11 billion on Ethereum and $337 million on XRPL.
- This distribution indicates roughly 77% of RLUSD resides on Ethereum, raising concerns among XRP supporters.
- Binance enabled RLUSD trading first on Ethereum due to existing infrastructure readiness.
- Ripple’s Global Partner Success Lead, Luke Judges, emphasized that the company prioritizes XRPL in exchange engagements despite current trends.
The significant presence of RLUSD on Ethereum has sparked discussions within the XRP community about Ripple’s focus and future intentions for its native ledger, XRPL. While some see this as a shift away from XRPL, others argue it’s a practical decision based on existing infrastructure capabilities.
The current distribution of RLUSD highlights an imbalance favoring Ethereum over XRPL, which Ripple aims to address by encouraging more exchanges to support its native ledger in the future. (Source)
