Ripple’s regulated stablecoin, Ripple USD (RLUSD), reached a significant milestone with a total supply of $120 million. This information comes from community analyst Maartunn at CryptoQuant, who described it as a “huge milestone.” The growing prominence of RLUSD signifies Ripple’s expanding role in the cryptocurrency ecosystem. With the XRP Ledger now overtaking Ethereum in certain metrics, it’s clear that Ripple is making strides in the highly competitive crypto landscape.

This development means that Ripple continues to garner attention from investors and analysts alike. The implications for XRP and the broader market may be profound, as Ripple’s innovations and use cases develop further. Many are watching closely to see how this situation unfolds and what it means for the future of stablecoins.