Ripple’s RLUSD stablecoin is undergoing extensive testing as part of the company’s look to extend its reach into the stablecoin market completely.

Initially announced in April, RLUSD began beta testing in August but is currently accessible only to the company’s enterprise partners. The increased minting activity suggests that Ripple is inching closer to an official launch.

Notably, according to the RLUSD tracker, since September 28, a total of 1.7 million RLUSD tokens have been minted across both the Ethereum blockchain and the XRP Ledger.

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