Ripple Issues 600,000 RLUSD Tokens: What's Next?

user avatar

by Giorgi Kostiuk

2 years ago

Ripple, known for its blockchain solutions, has minted an additional 600,000 RLUSD tokens, boosting its reserves, which raises interest ahead of the upcoming attestation report.

Recent Update: 600,000 RLUSD Tokens Minted

Blockchain technology company Ripple has minted 600,000 additional RLUSD tokens, as reported by the Ripple Stablecoin Tracker account on the X social media network.

RLUSD Reserve and Over-Collateralization

Currently, Ripple shows a reserve of approximately $83 million for more than $77.2 million issued in RLUSD. This indicates that RLUSD is over-collateralized by 7%.

Anticipation for the Upcoming Attestation Report

Ripple is expected to release an attestation report this month, revealing the composition of the backing assets. The company previously stated that the first report would be published no later than 30 days after the public launch of the stablecoin. RLUSD was launched last month after obtaining key approval from New York's regulator, with the product initially announced in April.

Ripple continues to expand its presence in the stablecoin market, preparing new attestation reports that will provide investors with greater transparency regarding RLUSD reserves.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin's Price Volatility Linked to Federal Reserve's Interest Rate Decisions

Bitcoin's price volatility is influenced by the Federal Reserve's interest rate decisions, with current prices around $80,000 after a turbulent week.

user avatarDavid Robinson

Liquidity Concerns Pressure Datavault AI's Financial Outlook

Datavault AI is reassessing its liquidity and financing requirements following the Bitcoin access issues.

user avatarJacob Williams

Datavault AI Faces Major Investor Backlash Over Bitcoin Access Issues

Datavault AI's shares dropped nearly 50% due to issues accessing Bitcoin linked to a $150 million investment agreement.

user avatarSon Min-ho

Third-Party Bitcoin Custody Raises Concerns for Datavault AI

The reliance on third-party custody for Bitcoin transactions has come under scrutiny following Datavault AI's withdrawal issues.

user avatarZainab Kamara

Accounting Corrections Could Significantly Impact Datavault AI's Financial Statements

Accounting corrections could significantly impact Datavault AI's financial statements due to misclassification of Bitcoin assets.

user avatarAndrew Smith

JP Morgan Integrates JPM Coin with Ethereum Blockchain

JP Morgan announced the integration of its JPM Coin deposit token with the Ethereum blockchain, extending its services to eligible institutional clients.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.