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Ripple’s RLUSD Jumps $3 Million With Fresh Minting
In a significant development, Ripple’s regulated stablecoin, RLUSD, has achieved a remarkable milestone by jumping a whopping $3 million in its recent minting. This substantial growth underscores the immense potential of RLUSD as a reliable and trustworthy store of value in the cryptocurrency market.
As reported earlier, Bullish announced yesterday that it was listing RLUSD on its platform, allowing eligible regions to engage with markets such as RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD and SOL/RLUSD. This move paves the way for the widespread adoption of RLUSD in various applications and use cases.
Ripple’s stablecoin is valued at one-to-one with the US dollar, allowing it to be used as a bridge currency for cross-border payments and decentralized banking, among other purposes. The recent surge in minting activity highlights the increasing trust and confidence investors have in RLUSD as an asset class.
In related news, RLUSD has made its entry into the Singapore market through Ripple’s long-standing partner, Independent Reserve. This strategic move underscores Ripple’s commitment to expanding RLUSD’s reach across various markets.
RLUSD’s remarkable growth is a testament to the growing demand for stablecoins, which are increasingly being seen as alternatives to traditional fiat currencies and other digital assets.
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Source: u.today
