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Ripple's RLUSD Stablecoin Surpasses $100 Million in Circulation

Ripple Labs' RLUSD stablecoin has reached a significant milestone, surpassing $100 million in circulation, highlighting its growing adoption in the cryptocurrency market.
Published on 2025-02-13

Ripple's RLUSD Stablecoin Hits $100 Million Milestone

Ripple Labs' stablecoin, RLUSD, has achieved a notable milestone, surpassing $100 million in circulation. Launched in late 2024, RLUSD aims to bridge the gap between digital finance and traditional currency stability, facilitating smoother cross-border transactions.

Distribution Across Blockchains

RLUSD is currently operational on both the Ethereum and XRP Ledger blockchains, with a total circulation of 108.66 million tokens. Ethereum dominates the distribution, hosting 83.33 million tokens, while the XRP Ledger accounts for 24.67 million. This dual-chain approach is designed to accelerate adoption within the decentralized finance (DeFi) sector.

Growth and Ownership Insights

Since late December 2024, RLUSD's circulation has grown by 51%, from 72 million to over 108 million tokens. The Ripple Stablecoin Tracker X account provides transparency into the token's distribution and transfer activities. On Ethereum, RLUSD is held by 1,451 addresses and has been involved in 5,267 transfers. However, the top 100 wallets on Ethereum own 99.88% of the tokens, indicating a high concentration of ownership.

Implications for the Market

While RLUSD's growth is promising, its distribution remains in the early stages, with a limited number of investors holding a significant portion of the tokens. This milestone underscores Ripple's progress in the stablecoin market and its potential to play a key role in the future of digital currency.

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