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According to a recent report by CryptoQuant, Ripple’s USD-pegged stablecoin, RLUSD, has reached a new milestone as its total supply surpasses $120 million. This significant achievement is noteworthy, particularly considering that it is a highly regulated stablecoin.
The majority of the current circulating supply is still held on the Ethereum blockchain, but RLUSD has also started to gain traction on the XRP Ledger. There are even indications that the stablecoin could potentially expand beyond these two chains in the future.
As previously reported by U.Today, Cardano founder Charles Hoskinson has confirmed that he is working on integrating RLUSD into his platform.
The regulated stablecoin was launched last month after securing the necessary regulatory approval and has already been listed on several major trading platforms, including Bitstamp. Additionally, it landed on Revolut and Zero Hash earlier this February.
Ripple’s achievement with RLUSD underscores its commitment to creating a more comprehensive and secure digital asset infrastructure.
Source: u.today
