Ripple's stablecoin, RLUSD, is predominantly circulating on the Ethereum blockchain, with $61.8 million on Ethereum compared to $22 million on the XRP Ledger, reflecting a 1:3 distribution ratio. This trend highlights Ethereum's established infrastructure and liquidity advantages, which may hinder XRPL's anticipated growth. Ripple's cautious strategy suggests a phased rollout, assessing market reception and regulatory compliance before expanding RLUSD's presence on XRPL.