RLUSD ($1.00)-Eyes-Multi-Billion-Dollar-USDT ($1.00)-European-Market-Following-Regulatory-Debacle.jpg” class=”attachment-post-thumbnail size-post-thumbnail wp-post-image” alt=”” decoding=”async” srcset=” 1200w, 300w, 1024w, 768w” sizes=” 1200px) 100vw, 1200px”>
Ripple’s stablecoin is quickly becoming one of the most important players on the market. RLUSD saw its supply grow by 47% in June, the fastest growth rate of any major stablecoin in the month. Total circulation now stands at $455 million, up from just over $300 million the previous week.
Ethereum Is Driving the Surge
The bulk of RLUSD’s supply is on Ethereum, which hosts roughly $390 million of the $455 million total. Tha…
