Table content
XRP Ledger Releases Further 2.5M RLUSD, Publishes Recent Findings
Subsequent to a prior creation of 2 million RLUSD, Ripple has generated an extra 2.5 million RLUSD tokens yesterday, elevating the aggregate added to the RLUSD reserves to 4.5 million on February 28th only. This follows Ripple recommencing issuance of its RLUSD stablecoin on February 27th with a 7.1 million RLUSD creation, after a short suspension in February.
As has been customary since the worldwide introduction of RLUSD in December 2024, Ripple disclosed its January 2025 assessment document to offer clarity on the holdings supporting the stablecoin. The document verifies that every RLUSD token is completely secured, guaranteeing dependability and confidence for holders.
In separate developments this week, Ripple declared a collaboration with BDACS to broaden its organizational digital currency safekeeping provisions in South Korea. This will furnish protected architecture for XRP, RLUSD, and alternative digital assets. This expands upon Ripple’s January joint effort with Ondo Finance to introduce tokenized United States Treasury Bills (OUSG) to the XRP Ledger, which will be produced and reclaimed utilizing RLUSD.
RLUSD Acquires Momentum
The newest RLUSD assessment document has attracted notice within the cryptocurrency sphere, with notable XRP community participants and Ripple leadership disseminating key takeaways. This succeeds a robust January for RLUSD, which witnessed its market valuation expand to $130 million.
Furthermore, a synopsis from an XRP Ledger authenticator known as “Vet” indicates a lack of proof demonstrating any substantial liquidation of RLUSD.
A prominent figure at Ripple and the head of Standard Custody, Jack McDonald, lauded RLUSD’s achievement of $7.35 billion in dealings across the XRP Ledger and Crypto ETF Exodus: Bitcoin and Ethereum ETFs Experience .45 Billion in Withdrawals within a mere two months of its introduction – significantly surpassing numerous other stablecoins. He further emphasized its accessibility on venues like ZeroHash and Revolut, and guaranteed that RLUSD possesses excess collateralization, with holdings outstripping the approximate $130 million circulating by a comfortable $7 million.
McDonald alluded to escalating enthusiasm from major entities seeking to utilize RLUSD for the digitization of assets on the blockchain, implying promising prospects for the future. Another Ripple official, Reece Merrick, added that financial establishments are enthusiastic about RLUSD’s potential to transform international payments and internal treasury functions.
