Ripple USD Valuation Surpasses $527 Million With Unannounced Minting of 10 Million Units

Ripple USD Crosses $527 Million With 10 Million RLUSD Quietly Minted

In a stunning development, Ripple’s stablecoin, Ripple USD (RLUSD), has quietly minted an astonishing 10 million units. This impressive milestone marks the culmination of Ripple’s relentless efforts to expand its impact on the rapidly growing stablecoin market.

As reported by CoinMarketCap, the RLUSD valuation has surpassed $527 million, solidifying the coin’s position as a significant player in this burgeoning sector. The recent surge in RLUSD’s value is largely attributed to the newly signed GENIUS Act, which aims to bring regulatory clarity and stability to the cryptocurrency landscape.

Ripple CEO Celebrates Historic Day for Crypto

The impressive rise of Ripple USD has not gone unnoticed by the CEO, who has taken to social media to celebrate this historic moment in crypto history. According to recent reports, the RLUSD’s market capitalization is now over $527 million, indicating a substantial increase from previous figures.

This quiet minting of 10 million RLUSD units demonstrates Ripple’s unwavering commitment to expanding its offerings and cementing its position as a leading player in the digital currency arena.

Source: u.today