Ripple’s RLUSD Stablecoin Emerges as Ethereum Domination Catalyst

Ripple’s entry into the stablecoin market has significantly impacted DeFi, with their newly launched RLUSD achieving notable success. However, a recent data revelation about the distribution of this stablecoin has surprised many. Nearly 70% of the total RLUSD supply is currently issued on Ethereum, raising questions about Ripple’s strategic decision to leverage this prominent blockchain for its token utility.