Ripple Mints Massive 23 Million RLUSD: Potential Refill for Aave Market

Ripple recently minted a significant amount of its stablecoin, RLUSD, exceeding 23 million units within the past 24 hours. This move has been tracked by Ripple’s dedicated stablecoin tracker and is attributed to replenishing the RLUSD supply. The minting occurred at Ripple’s central hub for stablecoin issuance, the RLUSD Treasury. Ripple aims to meet growing demand for RLUSD through various liquidity pools, exchanges, and payment channels.