Ripple’s $2.6 Billion Stablecoin is Growing on Ethereum, Not XRP
Ripple's CEO wants RLUSD use cases on the XRP Ledger, yet DefiLlama data shows about two-thirds of the stablecoin's supply sits on Ethereum. The post Ripple’s $2.6 Billion Stablecoin is Growing on Ethereum, Not XRP appeared first on BeInCrypto.
Key Takeaways
- Ripple's CEO wants RLUSD use cases on the XRP Ledger, yet DefiLlama data shows about two-thirds of the stablecoin's supply sits on Ethereum.
- The post Ripple’s $2.6 Billion Stablecoin is Growing on Ethereum, Not XRP appeared first on BeInCrypto.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Circle’s ARC token sale lifts earnings as lower yields weigh on USDC income
Circle is looking to payments fees and future staking rewards to diversify revenue as its core stablecoin business faces pressure from lower yields and growing competition.
Bitcoin Defies Selling Pressure as $75K Holds the Line
Bitcoin defies selling pressure after it recovered toward $78,000 on November 4 after briefly falling below $76,000, showing renewed buying interest as cryptocurrency markets adjusted to the outcome of the U.S. midterm elections. The rebound followed a…
Is Altseason Starting? What the Charts and Market Data Show
Altcoin charts are flashing bullish setups, but market data shows money has yet to rotate into altcoins. The Altcoin Season Index stood at 39 on November 4, far below the 75 altseason threshold. Technical patterns on Bitcoin (BTC) dominance and Ethereum (ETH)…