$133 Million in Ripple's Stablecoin Supply Surges in a Day

Ripple's $RLUSD stablecoin supply has surged in recent days, with over $133 million minted on August 3 alone.

This significant mint comes as demand for stablecoin liquidity continues to grow, and Ripple is responding by expanding its offerings. The company introduced the 'Ripple Mint' feature last month, allowing institutions to directly mint and redeem $RLUSD, bridge it across chains, and track funds throughout a transaction's lifecycle.

The recent surge in $RLUSD supply has brought the total on the XRP Ledger to over $850 million. In the last 30 days, $309 million in $RLUSD has been minted, with an additional $185 million added in the past week alone.