According to the recently revealed data, about 70% supply of Ripple’s USD-Pegged StableCoin RLUSD is on Etreum, while its original network is XRP LEDGER (XRPL). This data has given rise to new discussions on RLUSD’s distribution and network strategy. recently, RLUSD integrated into Ripple Bills Community Was.
RLUSD’s distribution
Ripple launched RLUSD on XRPL, which Ripple has its own blockchain, but still most supplies have been released on Etreum. According to On-Chain Knowledge, the total supply of RLUSD is 294,042,711 tokens, of which only 32% supply is on XRP LEDGER and about 68% rlusd is present on Etreum. This situation raises questions about Ripple’s Future Strategy, especially when its main network is XRP Ledger. If you want to know that What is rippleSo you can click on this link.
RLUSD presence on Ethereum: Ripple’s Long Norm Strategy?
Ethereum is a major blockchain in the Crypto World, which has millions of users and various dapps. The presence of Rlusd on Ethereum gives it direct access to major platforms like Uniswap, Aave, Curve and Makerdao. This gives Ripple’s StableCoin a huge Defi Ecosystem of Ethereum.
Ripple has already supported Multichain Date, where crypto assets may be independent transferred between various blocks. It appears to be in accordance with this strategy to issue RLUSD in large quantity.
Increase market presence and trust
RLUSD’s large supply on Ethereum is not just a technical step for Ripple, but is a strategy to increase stability and credibility in the market. This can strengthen the presence between RIPPLE, Defi-Native Users and Organization, as well as prove the usefulness of RLUSD.
Better growth and adoptation rate of RLUSD
The Future of RLUSD will largely depend on user adoptation, integration with the defi protocol and regulatory clearing. Due to RIPPLE’s own credibility and potential of its enterprise level solution, strong presence on RLUSD’s Ethereum will help it develop a trust among retail users, institutions and developers.
Conclusion
The release of 70% of RLUSD on Etreum reflects the longitarm strategy of Ripple. While XRP Ledger is considered the main network of Ripple, RLUSD’s expansion on the Ethereum shows that Ripple is working on planning to make its stablecoin widely useful on various blockchain platforms.
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