Ripple has not been minting new RLUSD stablecoins this week, according to on-chain data trackers. However, traders have been actively using the 50 million RLUSD currently in circulation, with a 35.66% increase in trading volume over the past 24 hours. The last significant minting of RLUSD occurred on February 10, and it is likely that Ripple is assessing market demand before generating more RLUSD. Additionally, a large XRP transfer of 60,045,505 XRP took place, worth $163,660,947, according to crypto transaction tracker Whale Alert. XRP experienced a brief increase in value after the SEC acknowledged an XRP ETF application but has since seen a marginal decline.



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