Ripple has minted another batch of its RLUSD stablecoin as XRP records a sharp price rally, climbing nearly 19% over the past 24 hours and briefly reaching $1.24. According to XRP Ledger transaction data from XRPScan, Ripple minted 900,000 RLUSD on Aug. 20. The transaction follows a series of significantly larger RLUSD issuances and burns, highlighting increased activity surrounding Ripples U.S. dollar-backed stablecoin. Data reported by the Ripple Stablecoin Tracker showed that 20 million RLUSD was minted at the treasury several hours earlier. Two separate transactions involving 10 million… Read more
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