Ripple Mints 10 Million RLUSD Tokens on XRP Ledger

Ripple has added 10 million more RLUSD tokens to the XRP Ledger. This latest minting brings the total circulating supply of the stablecoin to over 1.05 billion tokens. The move shows continued effort to build liquidity for the asset even though broader network activity saw a slight decline throughout September.

The stablecoin is designed to maintain a one to one peg with the dollar. By holding the supply above the one billion milestone, Ripple is positioning the asset to play a larger role in cross border payments and decentralized finance applications on the ledger. Traders are watching to see if this increased supply will drive higher transaction volumes in the coming weeks.

While the total number of active wallets and transactions cooled off recently, the stablecoin supply remains steady. Market participants will be looking for signs of increased usage across the network to see if this new supply finds its way into active trading pairs or lending protocols.