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"Ripple Stablecoin, Traded Over 100,000 Times in Just 2 Months"

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Uk Jin
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  • Ripple's stablecoin RLUSD has reportedly recorded 100,000 transactions just two months after its launch.
  • Most transactions are conducted on the Ripple Ledger, indicating a preference for RLUSD within the Ripple ecosystem.
  • On the Ethereum network, RLUSD transactions were relatively low, totaling only 4,109.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

The stablecoin RLUSD, issued by Ripple, has recorded over 100,000 transactions just two months after its launch.

On the 5th, CryptoQuant contributor Matune reported in a paper, "It's been about two months since Ripple officially launched the stablecoin RLUSD. The number of transactions has been steadily increasing since its launch, with a particularly noticeable rise recently."

Specifically, about 105,011 RLUSD transactions have been processed on the Ripple Ledger (XRPL), while only 4,109 transactions were recorded on the Ethereum network. Matune evaluated this by stating, "This means that most RLUSD transactions are happening on the Ripple Ledger, indicating a preference for RLUSD within the Ripple ecosystem."

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