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Ripple's stablecoin, RLUSD, has seen significant activity over the past 24 hours. According to Ripple stablecoin trackeran account
Transfer comes on the heels of the latter Min In the RLUSD locker. In the last 24 hours, Ripple minted 3,000,000 RLUSD, adding to the circulating supply of the RLUSD stablecoin. Additionally, another 404,712 RLUSD were minted in the RLUSD treasury, increasing the total supply.
This operation is part of Ripple's ongoing efforts to enhance the liquidity and utility of the Ripple stablecoin. Recent minting and conversion activities may also indicate potential preparations for wider adoption across exchanges and platforms.
Ripple stablecoin is gaining traction
Since its launch, RLUSD It gained traction, as it was released on various platforms. Ripple USD (RLUSD) launched globally on December 17, initially on platforms such as Uphold, MoonPay, CoinMENA, Archax, and Bitso, with more listings expected to appear in the coming days.
Related to
In its latest listing, Bullish announced yesterday that Ripple's regulated stablecoin, RLUSD, is now available on the platform. The move allows eligible regions to trade markets, including RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD.
As stated, Ripple stablecoin RLUSD It recently achieved a significant milestone, marking its entry into the Singapore market. Independent Reserve, a long-time partner of Ripple, has become the first regulated exchange to offer RLUSD in Singapore.
RLUSD, a stablecoin valued in US dollars, is issued locally on both the XRP Ledger and Ethereum networks and can be used in many applications and use cases, from cross-border payments to decentralized banking.
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