Ripple issues 600,000 RLUSD tokens ahead of certification report A significant event for the stablecoin
Corporate blockchain company #Ripple recently announced the minting of an additional 600,000 RLUSD tokens.
The announcement was
The announcement was shared via the Ripple Stablecoin Tracker account on social network X.
Ripple currently has about $83 million in reserves against over $77.2 million in RLUSD tokens. line_. BREAK This situation indicates that RLUSD is currently 7% secured, which provides security for both investors and users.
In the coming weeks, Ripple will publish a certification report detailing the composition of the assets backing RLUSD.
the company has promised to publish this report within 30 days of the public launch of the stablecoin, and it has already attracted significant attention and approval from regulators, especially in New York.
According to CoinGecko, the market capitalization of RLUSD currently stands at $72 million,
the last 24 hours, the token's trading volume was around $41 million, indicating high interest and activity in the market. RLUSD tokens are currently Bitso, Bulish and Mercado #Bitcoin , It is available on several trading platforms including Sologenic.
There are plans to expand its availability on other exchanges, which could further increase its presence in the market.
Ripple announced the launch of RLUSD in April and intends to set a new standard for the stablecoin. According to Monica Long, president
Ripple, RLUSD is designed to strengthen the Ripple ecosystem and increase the utility of the #XRP #token . RLUSD aims to strengthen the Ripple ecosystem and increase the utility of the XRP token, and aims to take a significant share in this fast-growing sector.
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