Ripple Expands Stablecoin Network with New RLUSD Mint

Ripple recently minted 10 million Ripple USD (RLUSD) on the XRP Ledger, expanding its regulated stablecoin network.

This transaction occurred as large XRP holders accumulated more than 380 million tokens over a week, according to Santiment data shared by analyst Ali Martinez.

The RLUSD market capitalization remains below its June level of $1.7 billion, currently sitting at around $1.53 billion, according to RWA.xyz data.