Ripple has reported the minting of 14 million RLUSD tokens on the Ethereum platform, marking a significant event for the company and market stability.
Minting Details
According to the update from Friday, Ripple issued 14 million RLUSD tokens, the largest number minted in a single day since April 25. So far, Ripple has minted a total of 42 million RLUSD in June.
RLUSD Global Expansion
RLUSD achieved significant global expansion by securing key regulatory approval in Dubai earlier this month. This event highlights the growing importance of the stablecoin on the international stage.
Ripple Collaborations
Ripple has also partnered with AlchemyPay to broaden access to RLUSD, enabling users to utilize a variety of fiat payment methods such as Visa and Apple Pay. Additionally, Ondo Finance has introduced the ability to mint OUSG using the RLUSD token on the XRP Ledger.
The issuance of RLUSD tokens on Ethereum and the expansion of partnerships contribute to Ripple's strengthening position in the stablecoin market and increase its influence in the global financial system.
