Ripple Mints 15 Million RLUSD on Ethereum

Ripple has just minted 15 million $RLUSD on the Ethereum blockchain in recent hours; the Ripple Stablecoin Tracker X account reported this in a post.

The last 24 hours have seen an uptick in activity around $RLUSD: 15,000,000 $RLUSD was burned on the $XRP Ledger while another 10,000,000 $RLUSD was minted on the Ethereum blockchain on July 29.

The circulating supply of $RLUSD on Ethereum has increased above $712 million, with 36.5 million $RLUSD minted in the last seven days and $25.3 million burned, according to the Ripple Stablecoin Tracker website.

Meanwhile, the circulating supply of $RLUSD on the $XRP Ledger is $873 million, with the amount burned surpassing that minted in the last seven days.

$65.4 million $RLUSD was minted on the $XRP Ledger in the last seven days while $68.7 million was burned in the same time frame.

$RLUSD gains major listings

Ripple USD ($RLUSD) received major listings this week: On July 28, Upbit, the third-largest crypto exchange, announced support for the stablecoin.

Upbit Korea is the largest cryptocurrency exchange in South Korea by trading volume and customer base. Upbit now supports $RLUSD deposits and withdrawals on the $XRP Ledger with KRW/BTC/USDT trading pairs.

Major crypto exchange Bithumb announced trading support for $RLUSD on July 29. Bithumb is one of South Korea's premier crypto exchanges and among the nation's largest KRW-based trading platforms.

Bithumb now supports $RLUSD deposits and withdrawals only on the $XRP Ledger with KRW pairs. The $RLUSD/KRW pair has been listed on Bithumb.

In the past week, Ripple announced a collaboration with Notabene, which facilitates over $2 trillion in annualized transaction volume. The partnership is set to accelerate the adoption of compliant stablecoin payments while creating a pathway for $RLUSD to be integrated across one of the world's largest institutional payment networks for digital assets.

Notabene and Ripple will collaborate to expand enterprise stablecoin payments by integrating Ripple USD ($RLUSD) into Notabene Flow and exploring how trusted payment authorization can complement Ripple Payments.