Ripple’s RLUSD Stablecoin Sees Major Growth on Ethereum
- As of late November, Ripple’s RLUSD stablecoin supply reached $1.26 billion, with approximately 82% on Ethereum.
- The USDC/RLUSD pool on Curve holds around $74 million in liquidity, making it one of the larger stablecoin pools.
- Weekly transfer volume for RLUSD on Ethereum averages about $1 billion, up from $66 million at the start of the year.
- The number of RLUSD holders on Ethereum has increased to roughly 6,400 from just 750 since January.
- Ethereum leads all chains in total value locked (TVL) and stablecoin supply, providing a robust ecosystem for new assets.
The shift in liquidity towards Ethereum highlights its established DeFi infrastructure compared to XRPL’s emerging capabilities. This trend is driven by the ease of integration with major protocols like Aave and Curve, which enhances trading efficiency and reduces slippage for large transactions.
With weekly transaction counts rising alongside volume, RLUSD demonstrates strong market engagement on Ethereum, indicating a healthy adoption rate as it transitions into utility use cases such as institutional settlements and commercial payments. (Source)
