u.today
Blockchain company Ripple has issued an additional 14 million tokens on the Ethereum blockchain, according to a Friday update.
This is the largest number of tokens minted in a single day since Apr. 25, according to Ripple Stablecoin Tracker.
Ripple has so far minted a total of 42 million $RLUSD in June. Notably, all of these tokens were created on Ethereum instead of the $XRP Ledger.
The total market capitalization of the stablecoin is now approaching $450 million, CoinGecko data shows.
As reported by U.Today, $RLUSD expanded its global presence by securing key regulatory approval in Dubai earlier this month.
Ondo Finance also launched U.S. Treasuries on the $XRP Ledger, making it possible for qualified purchasers to mint OUSG with the help of the $RLUSD stablecoin.
On top of that, Ripple teamed up with AlchemyPay to expand access to $RLUSD by enabling hundreds of fiat payment methods such as Visa and Apple Pay.
Meanwhile, Circle recently announced that USD Coin (USDC), the second-largest stablecoin, had added support for the $XRP Ledger.