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**3,100,000 Ripple USD (RLUSD) Minted on XRP Ledger: Details**
Ripple Labs has been continuously expanding its ecosystem through strategic partnerships that can aid in advancing the RLUSD use case. In a recent update, it was announced that 3,100,000 Ripple USD (RLUSD) were minted on the XRP Ledger.
The growth of RLUSD is significant, with a volume of $118 million and $24.4 million for USDe and Circle’s EURC, respectively. This surge in demand can be attributed to the growing importance of stablecoins in the market.
In a recent development, Ripple CTO announced that there was a crucial new feature on XRPL which is set to benefit RLUSD. The RLUSD stablecoin has been bolstered by AMM liquidity pools on the XRP Ledger, as a result of the mainnet’s deployment of an AMM amendment.
This recent update further solidifies the role of RLUSD within the Ripple ecosystem, and with ongoing talks to deploy it on the Cardano protocol, the potential for growth remains promising.
Source: https://u.today/3100000-ripple-usd-rlusd-minted-on-xrp-ledger-details
