CandleFocus Ripple's RLUSD Jumps $3 Million With Fresh Minting
2024-12-25
Author: Content Editor
In the last 24 hours, 3 million RLUSD, Ripple's stablecoin, was transferred from an unknown wallet to another. This follows recent minting activities at the RLUSD Treasury, where an additional 3 million RLUSD were minted, increasing the circulating supply. These activities suggest Ripple's efforts to enhance the liquidity and usability of RLUSD, potentially indicating preparations for wider adoption across exchanges and platforms. RLUSD has been gaining traction since its launch and is now available on various platforms, including Bullish. It recently entered the Singapore market through a partnership with Independent Reserve. RLUSD is a stablecoin valued one-to-one with the U.S. dollar and can be used in various applications such as cross-border payments and decentralized banking.
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