Ripple Boosts RLUSD Supply with Massive Coin Issuance
2025-07-04 09:38:46
Main Idea
Ripple has increased the supply of its stablecoin RLUSD by issuing 16 million new coins, bringing the total market supply above $440 million, and partnered with AMINA Bank to enhance its global reach and institutional adoption.
Key Points
1. Ripple issued 16 million new RLUSD coins, increasing its total market supply to over $440 million.
2. AMINA Bank, based in Switzerland, is the first global bank to directly support RLUSD, offering custody and other services.
3. RLUSD is regulated under New York regulators and is gaining traction among institutions, improving its liquidity.
4. The issuance accelerates RLUSD's competition with leading stablecoins like USDT and USDC.
5. AMINA Bank's partnership with Ripple may encourage other financial institutions to adopt RLUSD or similar projects.
Description
Ripple increased RLUSD supply with 16 million new coins, boosting market presence. Switzerland's AMINA bank supports RLUSD, merging traditional banking with blockchain efficiency. Continue Reading: Ripple Boosts RLUSD Supply with Massive Coin Issuance The post Ripple Boosts RLUSD Supply with Massive Coin Issuance appeared first on COINTURK NEWS .
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