Ripple Launches RLUSD Activity Surge, Burning and Minting Massive Amounts

Cryptocurrency company Ripple has resumed activity with its newly launched stablecoin, Ripple USD (RLUSD), after a two-day pause. The company has been issuing and burning a substantial volume of RLUSD in the past 12 hours, totaling 54 million tokens. This activity follows recent listings on major cryptocurrency exchanges, indicating Ripple’s progress in bringing the RLUSD stablecoin to market. Ripple’s latest actions are part of ongoing testing of the new product despite its presence on various trading platforms.