Ripple Mints 14,000,000 RLUSD Amid 59.51% Volume Surge

Key Points

1. Ripple minted 14 million RLUSD on July 2nd via the RLUSD Treasury on Ethereum, bringing its total market cap to $469.22 million.

2. RLUSD's trading volume surged by 59.51%, though it had previously dropped by 59%.

3. The stablecoin has gained regulatory approval in Dubai's DIFC, expanding its global presence.

4. RLUSD's total supply has reached $469.24 million since its launch in late 2024.

5. Ripple's ecosystem is seeing increased demand for RLUSD, supported by its payment infrastructure and institutional adoption.