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Ripple Mints $10 Million RLUSD Amid Whale Activity and Summer Consolidation

Guavy AI Editorial Team
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XRP LUSD
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Ripple has minted $10 million in RLUSD stablecoins on the XRP Ledger, according to on-chain tracker data.

This move coincided with a significant increase in large-investor activity on the spot market, as whales accumulated more than 380 million XRP over the past week.

The RLUSD issuance is part of Ripple's business model focused on serving commercial companies through its Mint platform, whereas Tether dominates the mass retail market and crypto trading with its enormous turnover.

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