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Ripple Issues Another 15M RLUSD as Ethereum Supply Tops $712 Million


Ripple Issues Another 15M RLUSD as Ethereum Supply Tops $712 Million

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Ripple minted 15 million RLUSD on Ethereum after moving 15 million off the XRP Ledger and issuing 10 million on Ethereum on July 29, pushing RLUSD circulation on Ethereum above $712 million. New South Korean exchange listings and Ripple’s push to use RLUSD for cross-border business payments suggest rising adoption, increased liquidity on CEX and DeFi rails, and potential positive market impact for the stablecoin.

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  • Ripple minted 15 million RLUSD as Ethereum circulation climbed above $712 million. 
  • New South Korean exchange listings expanded RLUSD’s reach among crypto traders. 
  • Ripple is positioning RLUSD for cross-border business payments beyond trading.

Ripple has minted 15 million RLUSD on the Ethereum blockchain, adding to a series of recent supply adjustments as the company expands the stablecoin’s presence in digital payments. The latest issuance, tracked by Ripple Stablecoin Tracker, comes as RLUSD secures new exchange listings and gains a larger role in Ripple’s payment network.

The mint followed several transactions across Ethereum and the XRP Ledger within the past day. Ripple first removed 15 million RLUSD from circulation on the XRP Ledger before issuing another 10 million tokens on Ethereum on July 29. Those transactions lifted RLUSD’s circulating supply on Ethere…

Read The Full Article Ripple Issues Another 15M RLUSD as Ethereum Supply Tops $712 Million On Coin Edition.

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Coins

$ 1.85K

-3.21%

$ 1.06

-2.45%

$ 1.00002

+0.01%

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In This News

Coins

$ 1.85K

-3.21%

$ 1.06

-2.45%

$ 1.00002

+0.01%

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