Ripple’s RLUSD Minting: Strategy for Stablecoin Liquidity Amidst GENIUS Act Vote

Ripple has reactivated its RLUSD minting mechanism, introducing 12 million new tokens into circulation just before the US Senate vote on the GENIUS Act. This strategic move comes following a market pause to calibrate supply and demand and aims to bolster liquidity for RLUSD ahead of regulatory considerations. The timing suggests a proactive approach by Ripple to secure its stablecoin’s position against potential changes in regulations.