Update
110 Wallets Dominated RLUSD Payments on XRPL
Blockchain analytics firm Bitquery found that 110 wallets generated 99.6% of RLUSD payments on the XRP Ledger (XRPL) between September 19 and October 18, totaling approximately $7,722. The wallets executed around 7.79 million transactions, with 10 wallets accounting for 82% of the value. This activity accounted for nearly all 7.82 million RLUSD payments recorded during the period, raising questions about genuine adoption of Ripple's dollar-backed stablecoin.