Ripple’s RLUSD Stablecoin Hits $1 Billion on Ethereum, Driven by Regulatory Approval

Ripple’s RLUSD stablecoin has achieved a milestone by surpassing $1 billion in supply on the Ethereum blockchain. This rapid growth is attributed to regulatory approval in Abu Dhabi and increasing demand for compliant stablecoins among institutional investors. The token’s total supply recently reached $1.261 billion, highlighting its popularity in this sector. RLUSD’s success comes amidst a market characterized by volatility, as the adoption of regulated stablecoins continues to rise.