CandleFocus Ripple Performs Massive 350,000 RLUSD Stablecoin Mint in 24 Hours
2024-09-28
Author: Content Editor
Ripple has minted 350,000 RLUSD stablecoins within 24 hours, with 300,000 RLUSD and 50,000 RLUSD minted in two separate transactions. The RLUSD stablecoin is currently in private beta on both the XRP Ledger and the Ethereum mainnet. Ripple is conducting rigorous testing to ensure the stablecoin meets security, efficiency, and reliability standards before widespread distribution. The stablecoin will be backed by short-term U.S. Treasury securities, dollar deposits, and cash equivalents. This latest minting spree is part of Ripple's preparations for an upcoming launch. In addition, XRP Ledger recently activated two amendments, which fix issues with ledger objects and introduce support for decentralized identifiers (DID).
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