Ripple’s stablecoin just hit $100M

-

Ripple’s new stablecoin, RLUSD, is making waves, or maybe just ripples in the crypto world.

Launched in mid-December 2024, it’s already cruising past the $100 million level in circulation.

RLUSD, the new kid on the block

As of February 12, 2025, the total value of all stablecoins out there is $224.367 billion. RLUSD’s piece of that pie is tiny for now, but it’s growing quite steadily.

Right now, there are about 108.66 million RLUSD tokens floating around on two different blockchains.

Ripple Labs cooked up RLUSD to make cross-border transactions smoother by linking digital money to good old traditional financial stability.

It lives on both Ethereum and the XRP Ledger, for speed up its adoption in the DeFi universe.

Ethereum vs. XRP Ledger

Back in December 2024, RLUSD had about 72 million tokens in circulation. Since then, it’s jumped by 51%, and currently, 83.33 million RLUSD tokens live on Ethereum, while a smaller 24.67 million are on the XRP Ledger.

The Ripple Stablecoin Tracker X account is keeping a close watch on the XRP Ledger side of things, offering real-time updates.

On Ethereum, those 83.33 million RLUSD coins are spread across 1,451 addresses, with only 5,267 transfers to date.

And here’s the kicker, because the top 100 wallets own a staggering 99.88% of those tokens. What decentraization?

Early days or red flags?

RLUSD’s growth is definitely something to watch, but it’s not all sunshine and roses.

Ethereum is clearly the preferred blockchain right now, which raises questions about whether RLUSD is truly balanced across both chains.

Plus, with so much of the stablecoin held by so few, it suggests that RLUSD is still in its early stages of distribution.

Will RLUSD become a major player, or just yet another stablecoin in the market? The million dollar question, right?

Have you read it yet? Uniswap just launched Unichain


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Solana’s whale problem is a big issue?

There's a storm brewing in the world of Solana, and it's got everyone wondering if the sky is falling. A whale just made a massive...

Kalshi vs. the States, a battle over betting or business

Guys, grab your popcorn because this legal drama is heating up! Prediction market platform Kalshi has stepped into the ring, suing gaming regulators in Nevada...

Justin Sun, Liberland, and Forbes, the daily dose of crypto drama

Oh, Justin Sun. The man, the myth, the blockchain billionaire who somehow manages to stir up headlines wherever he goes. This time, though, he’s not...

Jurassic World meets Teletubbies, and this is not a B-movie

Sandbox is back with its fifth Alpha season, and it’s bringing the big guns, dinosaurs, Terminators, and even Teletubbies. Starting March 31, this Ethereum-based gaming metaverse...

Most Popular

Guest posts