Brad Garlinghouse, CEO of Ripple Labs (in image) Credit: Steve Jennings/Getty Images for TechCrunch. Key Takeaways A majority of RLUSD tokens are circulating on Ethereum-based DeFi protocols and platforms. Over 85% of RLUSD holders are on XRP Ledger. Ripple’s stablecoin thrives on XRPL amongst institutional partners. Ripple’s (XRP) stablecoin RLUSD is very unevenly distributed across the crypto markets, as almost $700 million of it finds a home within Ethereum’s DeFi protocols, whilst a majority o ...