Ripple Pushes RLUSD Supply on Ethereum Toward New Highs

Ripple is making a serious play for Ethereum market share with its stablecoin, RLUSD. A fresh mint of 50 million tokens has pushed the supply on the Ethereum blockchain to its highest point yet. This puts the Ethereum supply nearly on par with the amount currently circulating on the XRP Ledger.

This move signals that Ripple is serious about competing in the crowded stablecoin space. By increasing its presence on Ethereum, the company is positioning RLUSD to be used across the wider decentralized finance ecosystem rather than just within its own network.

Traders are watching these minting patterns closely to see how quickly the coin gains traction against established players like USDC and USDT. Whether this expansion helps the broader ecosystem or shifts focus away from the main ledger remains the big question for the coming weeks.