CandleFocus Ripple Mints 1 Million More RLUSD Tokens as Market Cap Approaches $110 Million
2025-02-03
Author: Content Editor
Blockchain company Ripple has minted an additional million RLUSD tokens, bringing the total market cap of its dollar-pegged stablecoin to nearly $110 million. Ripple's CEO, Brad Garlinghouse, and SVP of stablecoins, Jack McDonald, have both expressed optimism about the stablecoin's success and its potential to bridge the gap between traditional finance and blockchain. Major exchanges such as Bitstamp have already listed the stablecoin, and more listings are expected in the future. Additionally, an amendment was implemented on the XRP Ledger to ensure regulatory compliance and allow for DeFi traction with AMM pools. The XRP/RLUSD pool currently has $1.3 million worth of liquidity.
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