Ripple's stablecoin, RLUSD, has seen a surge in adoption with a circulating supply reaching $160 million.
RLUSD has gained trust and attention as it rapidly expands its stablecoin ecosystem across Ethereum and XRPL networks.
The number of wallets holding RLUSD has increased, with a spike of 15% in Ethereum addresses holding the stablecoin.
Ripple CEO, Brad Garlinghouse, projects RLUSD to enter the top five stablecoins globally, while John Deaton sees this as part of Ripple's strategy for regulatory clarity.