Ripple's RLUSD Supply Surges Amid Growing Demand

Ripple's stablecoin supply has surged in recent days, with $133.3 million in RLUSD minted on August 3 alone.

This comes as part of a broader trend, with $185 million in RLUSD minted over the past seven days and a total of $309 million in the last 30 days.

The RLUSD supply on the XRP Ledger has surpassed $850 million, currently sitting at $851 million.

Ripple introduced 'Ripple Mint' last month, allowing institutions to mint and redeem RLUSD directly from the source, bridge the stablecoin across chains, and track funds across the full lifecycle of a transaction.