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Ripple's $50M Stablecoin Bet on Ethereum Sparks Market Shift

Guavy AI Editorial Team
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ETH XRP LUSD
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Ripple recently minted an additional $50 million of its RLUSD stablecoin on the Ethereum blockchain, pushing the total supply close to an internal record and nearly matching the amount on its native XRP Ledger.

This shift highlights growing capital flow towards Ethereum, where RLUSD supply increased by $173.4 million in the past month, while XRP Ledger saw a net outflow.

The move reflects market preference for Ethereum's ERC-20 infrastructure, especially among large businesses and DeFi users, signaling Ripple's pragmatic adaptation despite potentially sidelining its own XRP token.

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