Ripple Mints 14 Million RLUSD on Ethereum as Stablecoin Approaches $500M Market Cap Amid Regulatory Advances
2025-07-04 07:09:42
Main Idea
Ripple minted 14 million RLUSD tokens on Ethereum, boosting its market cap near $500M, supported by regulatory approval in Dubai and increased trading volumes.
Key Points
1. Ripple minted 14 million RLUSD tokens on Ethereum, increasing its market cap by 3.09% to approximately $469.22 million.
2. RLUSD trading volume surged by 260% but later dropped by 59%, reflecting market volatility.
3. Dubai's regulatory approval allows RLUSD to be legally used in the region, enhancing its adoption potential.
4. Ripple's post-SEC settlement strategy focuses on RLUSD as a stable, scalable medium for enterprise-grade financial operations.
5. Future plans include scaling RLUSD's liquidity and integration with Ripple's payment network for efficient cross-border transactions.
Description
Ripple has minted 14 million new RLUSD stablecoins on Ethereum, pushing its market cap closer to the $500 million mark amid growing global adoption and regulatory support. The surge in
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