Ripple Unleashes $30M Wave of RLUSD on XRP Ledger in Record-Time

Ripple's activity on the XRP Ledger has picked up in recent days. The company minted $30 million worth of its proprietary stablecoin RLUSD in just five hours on August 17, according to data from RL Tracker.

The first transaction occurred at 03:21 UTC when Ripple minted $10 million in RLUSD. About five hours later, at 08:56 UTC, the company followed with another $20 million mint.

This activity follows a similar pattern observed on August 14, when Ripple also minted $30 million worth of RLUSD in two transactions within an hour.