Ripple issued 50 million RLUSD tokens on the Ethereum network, bringing the total circulating supply to $1.629 billion. The gap between Ethereum and XRP Ledger is rapidly narrowing: Ethereum now represents 49.82% of total supply versus 50.18% for XRP Ledger, a symbolic difference of just $5.7 million. Over the past 30 days, Ethereum recorded a net inflow of $173.4 million in RLUSD while XRP Ledger experienced a net outflow of $42.3 million. This massive liquidity migration to Ethereum suggests the network could soon overtake XRP Ledger. Ripple appears to be pragmatically favoring Ethereum for its stablecoin issuances, leaving XRP sidelined due to its high volatility making it less suitable for cross-border settlements.
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