Ripple used Ethereum to list its RLUSD stablecoin in Japan
Ripple’s RLUSD became Japan’s first Type 4 instrument, but the only version that holders in the country can use runs on Ethereum.
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Ripple’s RLUSD became Japan’s first Type 4 instrument, but the only version that holders in the country can use runs on Ethereum.
Read more (4 min) →$879 million of the $1.63 billion worth of tokens in circulation sits on Ethereum versus $760 million on the XRP Ledger.
Ripple is selling over a billion dollars worth of cash, equity, and XRP tokens to fund an acquisition that it hopes will boost RLUSD volumes.
The billionaire-backed Ripple USD (RLUSD) has failed to capture even 0.05% of the stablecoin sector’s market capitalization.