Ripple Treasury Mints 30 Million RLUSD in Single Transaction
- —Ripple treasury minted 30 million RLUSD in a single transaction
- —RLUSD market cap was about $2.53 billion as of Oct. 7
- —59.5 million RLUSD minted and 29.85 million burned on Sept. 21–22
- —About 143.1 million RLUSD minted on the XRP Ledger on Sept. 1
Why it matters: Expanding RLUSD issuance strengthens Ripple's stablecoin position on the XRP Ledger, though mint and burn volumes reflect redemptions rather than a permanent supply increase.
Source: U.Today