Ripple’s stablecoin, RLUSD, has recorded over 105,011 transactions on the XRP Ledger (XRPL). The latest milestone comes approximately two months after its launch.
On the other hand, only 4,109 transactions have been processed on the Ethereum (ETH) network, meaning that more than 95% of RLUSD transactions are occurring on XRPL.
The significant preference for XRPL over Ethereum, as suggested by the latest analysis from CryptoQuant, indicates that users are favoring the network’s efficiency and lower costs. The increasing transaction count further reflected a growing adoption.
Boosting RLUSD Adoption
Ripple’s RLUSD stablecoin debuted in mid-December after obtaining the green light from the New York Department of Financial Services (NYDFS). It maintains a 1:1 peg with the US dollar and is central to Ripple’s broader plan to improve cross-border payment efficiency using blockchain-based solutions.
In an effort to boost RLUSD’s adoption in decentralized finance (DeFi), the firm pa
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