- Ripple’s RLUSD stablecoin is now featured on Cryptoquant, showcasing its distribution.
- The total supply of RLUSD is $47.4 million, with $34.8 million on XRPL and $12.6 million on Ethereum.
- RLUSD is set for public launch in Q4 2024, supported by major exchange partnerships.
Analytics platform Cryptoquant now features a portal showcasing the distribution of Ripple’s stablecoin, RLUSD. Ripple launched RLUSD in private beta a few months ago in preparation for a successful mainnet launch.
During this testing phase, developers have minted several RLUSD tokens across the XRP Ledger (XRPL) and the Ethereum blockchain, with a total supply of $47.4 million.
Cryptoquant’s breakdown of RLUSD’s supply reveals that the largest portion, $34.8 million, is issued on XRPL, while $12.6 million is available on Ethereum. This distribution indicates a strategic approach to leveraging the strengths of both blockchain networks for optimal transaction efficiency.
RLUSD to Transform Financial Services
Ripple aims to disrupt the traditional remittance market, which is known for slow and costly services, by utilizing blockchain technology to offer near-instant settlements an…
The post Ripple’s RLUSD Distribution Revealed: $34.8 Million on XRPL, $12.6 Million on Ethereum appeared first on Coin Edition.
Source: https://coinedition.com/ripples-rlusd-distribution-revealed-34-8-million-on-xrpl-12-6-million-on-ethereum/