Ripple Fuels Crypto Market with $23 Million RLUSD Mint, Riding DeFi Surge

Ripple has sent ripples through the cryptocurrency market by issuing a substantial amount of its RLUSD stablecoins within a short timeframe. According to Ripple’s stablecoin tracker, 23 million RLUSD were minted in just 24 hours, directly from the RLUSD Treasury. This rapid issuance comes as RLUSD rapidly gains traction across various platforms like exchanges and payment channels. The timing suggests Ripple is preparing for increased demand following the recent integration of RLUSD into its Ripple Payments platform.