Ripple’s RLUSD Coin Debuts with a Remarkable Market Surge
Main Idea
Ripple's RLUSD coin has experienced significant market growth, reaching a market value exceeding $533 million, and has gained regulatory clarity with the enactment of the GENIUS Act.
Key Points
1. Ripple minted five million new RLUSD coins, expanding its total issuance to 77.5 million by July.
2. RLUSD's market value exceeded approximately $533 million, ranking it 176th in the cryptocurrency market.
3. The altcoin received an 'A' rating from Bluechip, enhancing its credibility.
4. The GENIUS Act provided regulatory clarity, boosting investor confidence and institutional adoption of RLUSD.
5. Ripple's custody agreement with BNY Mellon improved liquidity and collateral mechanisms for RLUSD.
Description
Ripple minted five million RLUSD coins, increasing the total issuance to 77.5 million. RLUSD's market value surpassed $533 million, thanks to strong institutional demand. Continue Reading: Ripple’s RLUSD Coin Debuts with a Remarkable Market Surge The post Ripple’s RLUSD Coin Debuts with a Remarkable Market Surge appeared first on COINTURK NEWS .
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