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CDS Crypto News Ripple Mints Additional RLUSD Tokens as Market Momentum Builds

Crypto News

Ripple Mints Additional RLUSD Tokens as Market Momentum Builds

Zeynep Öztürk10/04/20251 Mins read76

Ripple Mints Additional RLUSD Tokens as Market Momentum Builds

Ripple has issued an additional 350,026 Ripple USD (RLUSD) tokens, marking the first minting activity in over a week. This move follows last week’s record-breaking issuance of 100 million RLUSD, underscoring the growing momentum behind the stablecoin.

According to data from CoinGecko, the total market capitalization of RLUSD is now nearing the $300 million threshold.

In a significant strategic move, Ripple recently acquired prime brokerage firm Hidden Road for $1.25 billion. The acquisition is poised to strengthen RLUSD’s utility, as the token will be leveraged as collateral across a range of the brokerage’s financial products.

Ripple has expressed confidence in RLUSD’s trajectory, aiming for the stablecoin to rank among the top five globally by year-end. Adding to its adoption, RLUSD was listed earlier this month on Kraken, one of the world’s leading cryptocurrency exchanges.

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Zeynep Öztürk

Zeynep Öztürk, born in 1994 in Mardin, is a journalist, writer, and SEO expert. She specializes in digital media and content strategies. With experience in news writing and SEO optimization, she creates content that reaches a wide audience.