EddieJayonCrypto
18 Mar 25
Ripple has minted 28.2 million RLUSD tokens in the last 24 hours, bringing the total market capitalization to $169.69 million. The token's supply has doubled in less than two months since its launch in December. RLUSD is a highly regulated stablecoin available on Ethereum and the XRP Ledger, aiming ...
Ripple has minted 28.2 million RLUSD tokens in the last 24 hours, bringing the total market capitalization to $169.69 million. The token's supply has doubled in less than two months since its launch in December. RLUSD is a highly regulated stablecoin available on Ethereum and the XRP Ledger, aiming to compete with Circle's USDC. Most tokens are on Ethereum, with plans to appear on additional chains.
Enterprise blockchain company Ripple has minted an additional 28.2 million Ripple USD (RLUSD) tokens over the past 24 hours. According to CoinMarketCap, the total market capitalization of the token currently stands at $169.69 million. The supply of the token has more than doubled in less than two months. RLUSD was launched in December after securing the required regulatory approval. The highly regulated stablecoin is currently available on Ethereum and the XRP Ledger, with the majority of tokens on Ethereum. As of now, 125.64 million RLUSD tokens have been minted on ETH and 44.05 million on the XRPL. The token is expected to appear on additional chains in the future.
The cryptocurrency is currently available on major exchanges like Bullish and Bitstamp. However, it is not clear when it will show up on platforms like Coinbase and Kraken. SBI VC Trade, a subsidiary of Japanese financial giant SBI Holdings, has registered as a stablecoin broker in Japan. While they are currently focusing on Circle's USDC stablecoin, it is not clear when they might decide to use the RLUSD stablecoin in the future due to its current liquidity levels.