Ripple's stablecoin RLUSD has rapidly expanded on Ethereum, rather than on its native XRP Ledger (XRPL). Data shows that RLUSD's total circulating supply surged to $1.26 billion within 12 months of launch. Of this, about $1.03 billion (accounting for 82% of the total supply) is on Ethereum, while the remaining $235 million is on XRPL.

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