Crypto
Ripple Mints Another 10 Million RLUSD as Institutional Demand Surges
Ripple has minted another 10 million RLUSD on the XRP Ledger. The transaction was processed on August 17 and incurred a fee of just 0.000405 XRP.
The newly issued tokens were sent to an RLUSD destination account using a two-signer multisignature setup, with a maximum delivery amount of 10 million RLUSD.
This development comes as institutional demand for RLUSD continues to grow, with the stablecoin recording roughly $58 million in 24-hour trading volume. Its market capitalization has also expanded significantly since its launch in December 2024, with over 1.711 billion RLUSD in circulation.