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RLUSD just hit a billion-dollar milestone in circulating supply. Here's what's interesting — over 80% of these tokens are now living on Ethereum, not XRP Ledger.
Most of that Ethereum-based RLUSD? Parked in Aave, earning yield. The recent Rail acquisition definitely gave it a push, but let's be real: it's still playing catch-up to the big dogs like USDT and USDC in the stablecoin arena.
The shift toward Ethereum shows where the DeFi action is, but the gap with established stablecoins remains pretty wide.