Analytics platform Cryptoquant now features a portal showcasing the distribution of Ripple’s stablecoin, RLUSD. Ripple launched RLUSD in private beta a few months ago in preparation for a successful mainnet launch.
RLUSD Distribution on Cryptoquant
Cryptoquant now allows tracking of RLUSD's distribution. The stablecoin was launched in a private beta several months ago, with developers working towards a successful mainnet launch.
Total Supply of RLUSD
During the testing phase, several RLUSD tokens were minted across the XRP Ledger (XRPL) and the Ethereum blockchain, with a total supply of $47.4 million. The majority, $34.8 million, is on XRPL, while $12.6 million is on Ethereum, indicating a strategic approach to leverage the strengths of each network.
Future of RLUSD
RLUSD is set for public launch in Q4 2024, with major exchange partnerships anticipated to support the stablecoin.
Ripple aims to disrupt the traditional remittance market with blockchain technology, offering faster and more cost-effective solutions.
