Ripple Mints More RLUSD as Market Cap Passes $500 Million
Main Idea
Ripple has minted an additional 5 million RLUSD tokens, pushing its market capitalization above $500 million, with BNY Mellon providing significant backing.
Key Points
1. Ripple minted an additional 5 million RLUSD tokens on the Ethereum blockchain.
2. The market cap of RLUSD is now approximately $533 million, ranking it as the 176th largest cryptocurrency.
3. A total of 77.5 million RLUSD tokens have been minted in July.
4. BNY Mellon, a prominent custodian of securities, is backing RLUSD.
5. Ripple recently celebrated the GENIUS Act, described as 'historic' by CEO Brad Garlinghouse.
Description
The market capitalization of Ripple USD (RLUSD) is now well above the $500 milestone
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