Ripple has minted one other 10 million $RLUSD on the $XRP Ledger. Information from XRPScan reveals that Ripple’s $RLUSD issuer account minted 10 million tokens in a transaction processed on August 17. The transaction was efficiently confirmed on the $XRP Ledger and incurred a price of simply 0.000405 $XRP.
The newly issued tokens had been despatched to an $RLUSD vacation spot account. The transaction used a two-signer multisignature setup and recorded a most supply quantity of 10 million $RLUSD.
Based on CoinGecko knowledge, there are 1.711 billion $RLUSD in circulation. The stablecoin has recorded roughly $58 million in 24-hour buying and selling quantity, whereas its market capitalization has continued to develop considerably since its launch in December 2024.
Latest $RLUSD developments
Ripple additionally expanded $RLUSD’s compliance and institutional funds infrastructure in July via a partnership with Notabene. The combination brings $RLUSD to Notabene Movement, a business-to-business stablecoin funds platform, whereas the businesses are exploring methods to attach Notabene’s transaction authorization and compliance infrastructure with Ripple Funds.
One other main milestone got here in June: $RLUSD formally launched in Japan after receiving approval from the Japan Monetary Companies Company. SBI VC Commerce started providing the stablecoin via its VCTRADE platform to each institutional and retail clients. SBI described $RLUSD as Japan’s first stablecoin dealt with underneath the nation’s fourth class of digital fee devices.
Ripple has additionally been widening $RLUSD’s regional attain. In June, the corporate introduced partnerships with BiLira, Bitexen and Bitlo that made $RLUSD accessible to establishments in Türkiye.
