Ripple Mints 39.4 Million RLUSD in Just 24 Hours as Stablecoin Activity Accelerates

Ripple USD stablecoin has seen an increase in activity over the last 24 hours with 39.4 million $RLUSD tokens minted in this span.

According to the Ripple USD tracker website, $33.4 million $RLUSD tokens were minted on May 18 while $6 million $RLUSD has been minted so far on May 19. This added up to a total of $39.4 million $RLUSD minted over the last 24 hours.

The Ripple Stablecoin tracker on X reported two transactions which totaled $31 million $RLUSD minted. $16 million $RLUSD and $15 million $RLUSD minted in two separate transactions on the $XRP Ledger, Ripple stablecoin tracker reported hours ago.

Meanwhile, $0 in $RLUSD was burned in the last 24 hours. The latest mint events boost $RLUSD supply on $XRP Ledger which is currently at $442,192,034. The total circulating supply of $RLUSD according to the Ripple USD tracker website is currently $1,611,422,372.

May 15 saw a series of burn transactions with 22,075,051 $RLUSD and 10,000,000 $RLUSD burned at $RLUSD Treasury on the Ethereum transaction.

Important notice passed to $XRP Ledger validators

Ripple head of engineering J.A Akinyele sends out an important notice to $XRP Ledger validators. This comes ahead of the fix amendment in XRPL version 3.1.3 which is set to activate in about eight days.

The XRPL version 3.1.3 was released on May 8 and included one default-yes fix amendment.

In a new tweet, Akinyele revealed that 44% of the XRPL network has upgraded to v3.1.3. This is less than half of the network with node operators urged to upgrade as soon as possible.

This urgency to update follows as the fix amendment in the $XRP Ledger software version 3.1.3 will be activated in about 8 days. Nodes that haven't been updated to the latest software version will be unable to communicate with the network, referred to as amendment blocking.