RLUSD, Ripple’s dollar-pegged stablecoin, surpassed $1 billion in market capitalization in late November, less than a year after its launch.
On-chain data from DefiLlama shows that roughly $1.03 billion — more than 82% of RLUSD’s supply — now sits on Ethereum, while about $235 million is on the XRP Ledger, the blockchain network originally created by Ripple founders and key executives.
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