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Title: 2,500,000 #RLUSD minted at RLUSD Treasury: Ripple Releases New Report
In a recent report released by Ripple, the company has shared some significant updates on its RLUSD stablecoin. The report highlights the impressive growth and adoption of this innovative digital asset.
Firstly, the report reveals that an additional 2,500,000 #RLUSD minted at RLUSD Treasury. This new development demonstrates the growing interest in RLUSD as a reliable and secure stablecoin for various financial applications.
Moreover, the report notes that there was no major RLUSD burning, according to Vet, an XRPL dunl validator, who shared the highlights of the report on X.
The 2.5 million newly minted #RLUSD brings the total supply of this stablecoin to $130 million. This increase underscores the strong demand for RLUSD in the market.
Ripple executive Reece Merrick further highlighted the rising interest in adopting RLUSD for cross-border settlement and internal treasury payments by financial institutions.
This growth is an essential milestone, as Ripple Stablecoins and Treasury continue to empower the global financial industry with innovative solutions.
Source: https://u.today/2500000-rlusd-issued-as-ripple-releases-new-report-details
