DeFi· ★★★· bullish·

Ripple Mints $38.6M RLUSD, Burns $50.6M as Standard Chartered Custody Goes Live

  • —Two Ethereum mints totaled $38.6 million RLUSD: 19.6 million and 19 million tokens
  • —Three XRP Ledger burns totaled $50.6 million RLUSD: 13 million, 18 million and 19.6 million
  • —Net circulating supply of RLUSD fell by $12 million
  • —RLUSD market cap holds near $2.42 billion with its dollar peg intact
Why it matters: Standard Chartered's bank-grade custody and the planned LMAX collateral integration position RLUSD as institutional collateral and settlement infrastructure on Ethereum.
#XRP
Source: CoinGape
More on this
DeFi · Sep 15
The Standard Reserve completes Genesis Charters mint, raising 583.6 ETH
 DeFi · 03:22
Standard Chartered Launches RLUSD Custody on XRP Ledger as Tokenized Assets Top $5B
 Regulation · Sep 21
ECB's Pontes Goes Live With One of Four Day-One DLT Platforms Running on XRP Ledger Tech