$133 Million Surge: Ripple's Stablecoin Supply Sees Significant Growth

Ripple's stablecoin supply has seen significant growth in recent times, with a substantial mint of $133.3 million in RLUSD on August 3. This increase in supply comes amid growing demand for stablecoin liquidity and rising activity for RLUSD.

The total amount of RLUSD minted on the XRP Ledger over the last 30 days has surpassed $850 million, with a significant portion of that being introduced in the last seven days alone.

Ripple's introduction of 'Ripple Mint' last month has made it easier for institutions to mint and redeem RLUSD directly from the source. This feature allows institutions to integrate RLUSD operations into their internal systems or workflows.