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

TechFlow reports on September 14 that, according to Bitcoin.com News, Ripple's stablecoin RLUSD reached a record high supply of $2.442 billion this week, up approximately 41% from $1.72 billion a month ago. Notably, the new supply has primarily flowed into Ethereum rather than the XRP Ledger—with Ethereum currently holding $1.37 billion and the XRP Ledger holding $1.05 billion, a complete reversal from July when the XRP Ledger accounted for 58.9%. Of the roughly $840 million in new supply added since July, Ethereum has absorbed the vast majority.