Blockchain company Ripple has issued an additional 14 million tokens on the Ethereum blockchain, according to a Friday update.
This is the largest number of tokens minted in a single day since Apr. 25, according to Ripple Stablecoin Tracker.
Ripple has so far minted a total of 42 million RLUSD in June. Notably, all of these tokens were created on Ethereum instead of the XRP Ledger.
550,878,483 SHIB Burned This Time, but Here’s Big Nuance
589,249,899,025,789 SHIB Remain as Shiba Inu Deflationary Trend Continues
10,710,000,000,000 Shiba Inu in 24 Hours, What’s Happening?
New XRP Burn Milestone Achieved, Can Price Keep Up?
The total market capitalization of the stablecoin is now approaching $450 million, CoinGecko data shows.
As reported by U.Today, RLUSD expanded its global presence by securing key regulatory approval in Dubai earlier this month.
Ondo Finance also launched U.S. Treasuries on the XRP Ledger, making it possible for qualified purchasers to mint OUSG with the help of the RLUSD stablecoin.
On top of that, Ripple teamed up with AlchemyPay to expand access to RLUSD by enabling hundreds of fiat payment methods such as Visa and Apple Pay.
Meanwhile, Circle recently announced that USD Coin (USDC), the second-largest stablecoin, had added support for the XRP Ledger.
