Ripple Mints $10M RLUSD Amid Whale Activity and Tether's Massive USDT Issuance

Ripple's treasury recently minted $10 million in RLUSD stablecoins on the XRP Ledger, according to on-chain tracker data.

This transaction took place alongside a massive $1 billion issuance of USDT by Tether on the Tron blockchain, increasing its treasury inventory to $91 billion.

The difference in volume between these two issuances is attributed to their distinct business models. Tether caters to the mass retail market and crypto trading, where liquidity is crucial for immediate access.

Ripple, however, focuses on a niche B2B segment through its Ripple Mint platform, issuing RLUSD selectively to meet commercial companies' requests under NYDFS supervision.