Ethereum Surpasses XRP Ledger as RLUSD Supply Hits Record High

The RLUSD stablecoin has reached an all-time high of $1.939 billion in circulating supply, with a significant shift in liquidity balance towards the Ethereum network.

According to on-chain data and Ripple's official monitor, Ethereum now hosts $989.34 million in RLUSD, surpassing the $941.36 million remaining on the XRP Ledger (XRPL) ledger.

This redistribution of supply was executed over the past 48 hours, with Ripple's treasury minting 73.8 million RLUSD on Ethereum and removing 23.5 million from circulation through burning contracts.