Ripple’s Scarcity Model Reinforces RLUSD and XRP Ecosystem

Description

Ripple minted 600,000 RLUSD tokens on Friday at the RLUSD Treasury. The firm is controlling the scarcity of RLUSD so that it doesn’t overshadow XRP. Analyst Arthur predicted that 20th January could be a good day to expand supply. Ripple’s RLUSD, the dollar-backed stablecoin launched last year, has maintained a tight supply since its debut, hitting its cap shortly after release. The fintech giant appears to be taking a strategic approach to minting, aiming to control scarcity and create long-term...