Ripple stablecoin (RLUSD) It is now primarily used in the Ethereum blockchain instead of XRP, as it became known in a report from an XRP contributor "Know_X0." Currently, $61,823,274 worth of RLUSD is distributed on Ethereum, which far exceeds the $21,995,883 held in the XRP Ledger.

This 1:3 ratio shows Ethereum's growing role in stablecoin infrastructure, which may disappoint many XRP enthusiasts who saw... The US dollar rippled Primarily as another way to expand the XRPL ecosystem.

This significant difference is mainly due to the fact that Ethereum has an established ecosystem, and ERC-20 tokens are used throughout the cryptocurrency space. Many exchanges, especially larger ones, can easily integrate Ethereum-based assets RLUSD Ethereum has the infrastructure that supports sending, receiving and listing tokens.

This makes it very convenient and probably explains why Ethereum currently dominates the RLUSD allocation, even though the XRP Ledger remains an integral part of Ripple’s operations.

Some people believe this is due to a staggered rollout strategy. Although they have the infrastructure needed to support RLUSD, some platforms like Bitstamp, which is partly owned by Ripple, appear to be taking a more cautious approach, perhaps just waiting to see how the stablecoin is accepted and what the regulatory landscape looks like.

Meanwhile, RLUSD is gaining momentum in terms of transaction volume. CryptoQuant data shows a steady increase in RLUSD activity, with expectations of faster growth. The stablecoin's compliance with the EU's MiCA regulations puts it in good stead in a European market that is much more stringent than the United States.

However, Ripple USD's goal remains to capture the largest slice of what could be a $2.8 trillion market in the future.