Ripple’s RLUSD Becomes the Fastest Growing Stablecoin In June

Ripple’s RLUSD stablecoin has been steadily gaining momentum, emerging as one of the fastest-growing assets in the crypto space.

Data from DeFillama reveals that RLUSD’s circulating supply surged by 47% this month, reaching an impressive $455 million in June. This means its supply increased by over $150 million this month.

Ripple RLUSD Gains Ground as Ethereum Supply Quadruples

According to the data, approximately $390 million of RLUSD’s supply is on the Ethereum network, while $65 million resides on Ripple’s XRP Ledger.

Notably, the stablecoin’s supply on Ethereum has grown by nearly four times since January, according to blockchain analytics platform Token Terminal.