Ripple recently minted an additional 13 million RLUSD tokens, bringing its stablecoin closer to a significant $500 million milestone.
New RLUSD Token Minting
Ripple's issuance of an additional 13 million RLUSD tokens was confirmed via a blockchain transaction, increasing its market capitalization to approximately $428.7 million.
Ripple's Liquidity Strategy
The new token minting aligns with Ripple's strategy to enhance liquidity and meet growing demand in the market. The recent transactions suggest active use on centralized and decentralized platforms.
Increasing Popularity of the Stablecoin
On-chain data reveals that RLUSD holdings are widely distributed among various addresses, indicating stability and organic interest in the token. Ripple is focused on building infrastructure to integrate RLUSD into global financial systems.
With consistent minting activity and broad distribution among addresses, RLUSD is on the path to key growth, underscoring Ripple’s expansion in the stablecoin market.
