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Ripple’s R...
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Ripple’s RLUSD Explodes 47% in June, Becomes Fastest-Growing Major Stablecoin

  • Ripple's stablecoin RLUSD experienced a 47% growth in its supply in June, making it the fastest-growing major stablecoin during that period.
  • The majority of RLUSD's supply, approximately $390 million out of $455 million, is on the Ethereum platform, indicating a significant increase from January.
  • Ripple's strategic shift towards interoperability has seen RLUSD supported across multiple chains, with Ethereum being the preferred platform due to its liquidity and DeFi integrations.
  • Legal clarity from regulations like the GENIUS Act in the U.S. and approval from the Dubai Financial Services Authority have contributed to RLUSD's market credibility and growth, positioning it as a new contender in the stablecoin market.

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