Ripple Mints Massive 350,000 RLUSD Stablecoins Within 24 Hours!

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In a disruptive move, Ripple has minted 350,000 RLUSD stablecoins within 24 hours. The mint was done in two transactions of 300,000 RLUSD and 50,000 RLUSD as reported by Ripple Stablecoin Tracker in an X post. Ripple’s RLUSD stablecoin is currently in private beta on XRP Ledger and the Ethereum mainnet. The latest minting spree is part of Ripple’s larger effort to ramp up testing ahead of a highly anticipated launch later this year. Also, XRP Ledger is set to receive new features as two amendments have now been activated on its mainnet.