Ripple Mints 13 Million RLUSD As Market Cap Nears $500M Milestone

Ripple Mints 13 Million RLUSD As Market Cap Nears $500M Milestone

Ripple has minted 13 million RLUSD, pushing the stablecoin closer to a major market milestone. The minting event was confirmed by a blockchain transaction posted on Etherscan. Moreover, the destination wallet appears to be a known liquidity address. The data was shared by Ripple Stablecoin Tracker on X. Ripple Pushes for Stablecoin Market Share With The post Ripple Mints 13 Million RLUSD As Market Cap Nears $500M Milestone appeared first on Coin…

13 Million RLUSD Tokens Minted by Ripple: Details

Ripple has resumed its RLUSD minting spree on Ethereum

Ripple Mints 14 Million RLUSD on Ethereum, Stablecoin Nears $450M Market Cap

Ripple has minted 14 million RLUSD stablecoins on the Ethereum blockchain in a single day, marking the largest daily issuance since April 25, according to Ripple Stablecoin Tracker. This brings the total number of RLUSD tokens minted in June to 42 million, all of which have been issued on Ethereum rather than Ripples own XRP Ledger. The rapid expansion of RLUSD comes as its total market capitalization nears $450 million, based on the latest data…

Ripple’s RLUSD Surges in DeFi Use as Borrowing Sets New All-Time High

Ripple’s U.S. dollar–pegged stablecoin, RLUSD, has achieved a new milestone. According to data from Sentora (formerly IntoTheBlock), borrowing activity for RLUSD on the decentralized finance (DeFi) platform Euler Finance has surged to a record 49,971,274 RLUSD. This marks a major leap in demand and usage, especially considering RLUSD was only added to Euler in late May. Euler users can now lend, borrow, or use RLUSD as collateral. This surge in …