The Ripple stablecoin RLUSD has seen a significant increase in issuance over the past 24 hours, with 2,008,333 RLUSD tokens minted at the RLUSD Treasury. This demonstrates the growing demand for the stablecoin, which is fully backed by U.S. dollar deposits, government bonds, and cash equivalents. The minting of RLUSD coins coincides with the rising interest in stablecoins as a safe haven in the volatile cryptocurrency market. RLUSD is compatible with smart contract applications in the DeFi space and has been adopted by various exchanges. Ripple's adoption of the Chainlink Standard further enhances the utility and access of RLUSD in the DeFi ecosystem. The company's president expects to see RLUSD on more platforms soon and predicts the launch of an XRP exchange-traded fund in the near future.



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