news 
**Title:** 23,000,000 RLUSD Minted by Ripple in 24 Hours: Details
Ripple has made a significant milestone in the past 24 hours, minting an astonishing 23 million units of its stablecoin, RLUSD. This unprecedented growth highlights the growing adoption and demand for decentralized finance (DeFi) solutions.
The sudden surge in RLUSD creation is likely driven by investors seeking refuge from market volatility or exploring alternative investment options. The fact that such a large volume was minted in a single day underscores the trust and confidence users have in Ripple’s commitment to providing stable and secure financial services.
RLUSD, which is pegged 1:1 to the US dollar, has shown remarkable growth since its launch globally in December 2024. With a current market capitalization of $317 million, according to CoinMarketCap data, this development reinforces the stability and credibility of Ripple’s innovative blockchain-based solutions.
As part of its commitment to providing reliable financial tools, RLUSD is fully backed by US dollar deposits, short-term US Treasury securities, and cash equivalents. Each token corresponds to an equivalent fiat value, ensuring transparency and accountability in transactions.
Source: https://u.today/23000000-rlusd-minted-by-ripple-in-24-hours-details
