CandleFocus Ripple Mints Gigantic 4.5 Million RLUSD Stablecoin in 24 Hours
2024-10-14
Author: Content Editor
Ripple has minted 4.5 million RLUSD stablecoins within 24 hours, with an additional 260,000 RLUSD also minted. The newly minted stablecoins were transferred to unknown wallets. This is part of Ripple's efforts to test the RLUSD stablecoin before its launch, ensuring that it meets security, efficiency, and reliability standards. Ripple has also made other moves recently, including entering the crypto custody market and gaining approval from the Dubai Financial Services Authority. The company has filed a cross-appeal in the SEC lawsuit.
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