Ripple's RLUSD stablecoin has shown rapid expansion on Ethereum in just two weeks, with the supply increasing by $4.4 million. Despite this growth, a significant portion of the stablecoin—over 70%—remains in the Ripple Deployer wallet or contract address.
This concentration raises questions about who genuinely controls the tokens and the influence Ripple retains over the RLUSD supply. Such control implications play a crucial role in understanding the dynamics of stablecoin growth and its impact on the broader Ethereum ecosystem in the context of Ripple's strategic maneuvers.
