Ripple's RLUSD Stablecoin Supply Surges Nearly 60% in One Month

The circulating supply of Ripple's $RLUSD stablecoin grew by nearly 60% in August, rising from 1.46 billion to 2.33 billion tokens. While growth slowed in September to reach 2.41 billion by the 24th, the asset has seen significant adoption. Approximately 58% of the total $RLUSD supply is currently held on the Ethereum network, likely due to its extensive DeFi ecosystem, despite the availability of the XRP Ledger.