Ripple Mints $14M RLUSD on XRP Ledger Amid Ongoing Treasury Activity

Ripple's stablecoin treasury has been active on both XRP Ledger and Ethereum, with a recent mint of $14.4 million RLUSD on XRP Ledger.

This move comes after a separate burn of $25 million RLUSD on the same ledger, and another transaction removing $15 million from the treasury supply on Ethereum.

The transactions represent about $39.4 million of mint-and-burn activity over only a few days, but do not necessarily mean that Ripple added $39.4 million to circulating supply.

Ripple's stablecoin RLUSD has a market capitalization near $2.4 billion and daily trading volume was approximately $114 million as of September 11.