Ripple has created a further 350,026 Ripple USD (RLUSD) tokens, in response to a latest replace. This marks the primary minting occasion in additional than per week.
Final week, Ripple minted a record-breaking 100 million RLUSD tokens.
The full market cap of the token is at present approaching the $300 million mark, CoinGecko knowledge reveals.
As reported by U.As we speak, Ripple not too long ago introduced the acquisition of Hidden Street for $1.25 billion. The deal is predicted to be a boon for RLUSD since it is going to be used as collateral in numerous merchandise provided by the prime brokerage.
The corporate believes that RLUSD will ultimately be capable to seem among the many prime 5 largest stablecoins by the tip of this 12 months.
