According to data provided by CryptoQuant, the total supply of the Ripple USD (RLUSD) token has now surpassed $120 million. 

This has been described as a "huge milestone" considering that it is a highly regulated stablecoin. 

Following its launch, RLUSD's growth was mainly concentrated on the Ethereum blockchain. Later, however, it started to gain more traction on the XRP Ledger.

As of now, Ethereum-based RLUSD tokens still account for the vast majority of the current circulating supply. 

The stablecoin could potentially expand beyond these two chains. As reported by U.Today, Cardano founder Charles Hoskinson stated that he was working on RLUSD integration. 

The regulated stablecoin was launched last month after obtaining the necessary regulatory approval. 

It has already been listed on several major trading platforms, including Bitstamp. As reported by U.Today, it also landed on Revolut and Zero Hash earlier this February.