Ripple’s Stablecoin:RLUSD Circulation Hits 108.66 million
RLUSD is showing consistent growth, with 108.66 million tokens spread across two different blockchain networks despite having a small portion of this financial pie.Ripple’s stablecoin market is valued at $225 million as of February 13.
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The dollar-anchored asset, first introduced by Ripple Labs in late 2024, aims to simplify international transactions by connecting digital finance to conventional monetary stability. RLUSD’s dual-chain architecture spans Ethereum and the XRP Ledger.
72 million RLUSD tokens, a dollar-linked stablecoin in circulation in the last quarter of 2024, and the total supply increased by 51%. There are 108 million tokens in circulation, of which 83.33 million are on the Ethereum blockchain. This leaves a small but significant 24.67 million tokens created on the XRP Ledger.
The Ripple Stablecoin Tracker X account provides real-time transparency and analytics that vividly chart the activity of the XRP Ledger, even though its contribution seems to be less prolific.
There are currently 1,451 addresses holding the 83.33 million RLUSD coins issued on Ethereum.
The top 100 wallets combined own 99.88 percent of the 83,236,412.40 RLUSD tokens, and there have only been 5,267 transfers on that particular chain. Although the growth of RLUSD is encouraging, it is indicative of a complex reality:
XRP Ledger’s small footprint raises concerns about cross-chain parity, while Ethereum’s dominance shows traction. The high concentration of ownership further demonstrates that this stablecoin’s distribution still smells like it’s in its early phases.
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