Blockchain company Ripple has continued to mint its new product, the Ripple USD stablecoin (RLUSD), ahead of a major development set to occur later this month. Data from the Ripple Stablecoin Tracker account shows that almost 7 million RLUSD stablecoins have been transferred in the past 24 hours. Ripple intends to use both the XRP Ledger and the Ethereum chain for the launch of the stablecoin. An attestation report, revealing the composition of the backing assets, is expected to be released by Ripple later in the month. Ripple CEO Brad Garlinghouse also revealed that the company owns over $100 billion worth of XRP tokens, surpassing previous valuations.



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