Ripple’s RLUSD Gains Traction With Rising Supply and Ethereum Address Holders

Crypto influencer Amelie (@_Crypto_Barbie) recently shared new data on Ripple’s stablecoin, RLUSD, highlighting its significant circulating supply increase. According to the chart she posted, RLUSD has reached approximately $160 million in circulation, with a growing number of Ethereum addresses holding the token.

The stablecoin, launched in December, has seen multiple sharp increases in supply since that time. The most recent jump came in mid-March, indicating a steady rise in adoption.

This growth reflects an increasing demand for RLUSD, which is designed as a fully backed USD stablecoin. The rising number of holders suggests more users are engaging with the asset, whether for trading, payments, or integration into decentralized finance (DeFi) applications.

Exchange Listings and Integration Support Adoption

RLUSD’s expanding adoption is further supported by its growing presence on major cryptocurrency exchanges. A top exchange has added RLUSD to its list of trading instruments, a move that enhances liquidity and provides more access to traders looking to use the stablecoin.

Additionally, Ripple is now partnered with RWA.xyz to allow for seamless aggregation of data from the XRP Ledger (XRPL). While RWA.xyz primarily deals with tokenized assets, the partnership also involves RLUSD, suggesting that Ripple may have big plans for the digital asset.

These integrations make RLUSD more accessible to businesses and developers utilizing the XRPL, and with its circulating supply rising, it can accommodate a larger number of users and more transactions.

Ripple’s Future Plans for RLUSD

Ripple CEO Brad Garlinghouse has shared his outlook on RLUSD and the stablecoin market’s future. He believes stablecoins will play an increasingly dominant role in global finance, and plans to make RLUSD one of the top five stablecoins by the end of the year.

His comments align with RLUSD’s steady growth, reinforcing Ripple’s broader strategy to establish the token as a major player in the digital asset space and directly compete with the top players like USDT and USDC.

With RLUSD’s circulating supply reaching new milestones and its adoption expanding through exchange listings and blockchain integrations, Ripple’s stablecoin is gaining momentum. Amelie and many other prominent community voices are confident about its future.

The increasing number of Ethereum addresses holding RLUSD further indicates a rising demand across the broader market, positioning it as an important asset in the evolving cryptocurrency landscape.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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