Ripple's RLUSD Stablecoin Supply Hits Record High, Ethereum Holdings Surpass XRP Ledger

The supply of Ripple's stablecoin, RLUSD, reached a record $2.442 billion this week, marking a 41% increase from $1.72 billion a month ago. Data indicates that the majority of the new supply has flowed into Ethereum rather than the XRP Ledger. Ethereum currently holds $1.37 billion of the supply, while the XRP Ledger holds $1.05 billion, representing a complete reversal from the market distribution seen in July.