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Ripple Mints 811,026 RLUSD Stablecoins on XRP Ledger

Guavy AI Editorial Team
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XRP RPL LUSD
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Ripple has minted 811,026 RLUSD stablecoins on the XRP Ledger, increasing its total circulating supply and making it the largest stablecoin by volume on the network.

The minting process employed a three-signer multisignature setup to enhance transaction security and was finalized at 7:37 IST on August 6. The full amount reached its intended account without deductions, with a minting fee of 0.000405 XRP.

RLUSD's recent growth on XRPL highlights shifting trends in on-chain stablecoin competition. With the increased supply, its next phase will be shaped by exchange adoption and user demand. Stablecoins compete on liquidity, exchange access, regulatory clarity, and utility.

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