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Ripple President Sheds Key Light on RLUSD Days After Launch
In a recent development, Ripple President, Monica Long, has shed key insights on the performance of its newly launched stablecoin, RLUSD. The announcement comes just days after the launch of this innovative financial instrument.
As reported earlier, RLUSD claims to be an enterprise-grade, USD-denominated stablecoin and one of the few issued under a New York Trust Company Charter, ensuring strict oversight and regulation. This initiative aims to provide a reliable and secure asset for institutional investors and individuals alike.
According to statistics shared 24 hours after the launch, the stablecoin has kicked off on a positive note. The total supply was given as 68,200,300 RLUSD; 15,100,171 RLUSD minted on XRP Ledger; 53,100,129 RLUSD minted on Ethereum; $1,700,000 volume reported on XRPL DEX (without AMM); 32,908 trustlines on XRPL; 5,875 holders on XRPL and 492 holders on Ethereum.
Monica Long’s insights provide a deeper understanding of the potential impact of this new stablecoin. The Ripple President stated that the strong performance is a testament to the demand for a reliable, USD-denominated stablecoin, which RLUSD aims to meet.
Source: u.today
