Ripple Launches 12 Million RLUSD Amidst Senate Vote on Stablecoin Regulation

Ripple has released a significant amount of new RLUSD tokens just ahead of the U.S. Senate vote on the GENIUS Act, a potential turning point for stablecoin regulation. The move comes as Ripple attempts to position RLUSD as a leading option in the post-regulation landscape. 12 million tokens were added to the RLUSD supply, boosting total supply by approximately 3%. This action follows Ripple’s decision to pause new issuance earlier this year and burn tokens last month to control its supply. The timing suggests an intention to capitalize on anticipated market volatility following regulatory shifts.