Ripple's stablecoin, RLUSD, has seen a significant increase in minting, with 800,000 tokens generated in the past 24 hours. This suggests that the project is nearing its launch, following beta testing that began in August. The stablecoin is expected to tap into the growing demand for stablecoins, with leading company Tether having a market cap of $119 billion. The upcoming launch of RLUSD is expected to be a catalyst for Ripple's XRP token, which has been performing well despite regulatory challenges from the SEC.



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