Ripple Generates Another 2.5 Million RLUSD and Publishes Recent Update
Ripple has created an additional 2.5 million RLUSD, subsequent to a prior creation of 2 million, totaling a 4.5 million boost in RLUSD reserves on February 28th alone. This follows Ripple’s recommencement of RLUSD stablecoin production on February 27th with a 7.1 million release, after a short hiatus the previous month. Since its worldwide debut in December 2024, Ripple has regularly issued monthly verification reports, with the January 2025 report now accessible. This document validates the complete backing of every RLUSD, intended to guarantee user confidence in its reliability and dependability.
Separately, Ripple recently joined forces with BDACS to broaden its enterprise-level digital asset safekeeping offerings in South Korea, delivering a protected custodial framework for XRP, RLUSD, and other virtual currencies. Previously this year, Ripple also teamed up with Ondo Finance to introduce OUSG (digitized U.S. Treasury bonds) to the XRP Ledger, enabling creation and retrieval via RLUSD.
The newest RLUSD verification report has attracted considerable notice within the cryptocurrency sphere, with notable XRP community figures and Ripple leadership emphasizing important discoveries. January witnessed remarkable expansion for RLUSD, with its market value achieving $130 million. These advancements indicate substantial impetus for RLUSD as it progresses in augmenting its footprint within the stablecoin sector.
No substantial liquidations of the Ripple-supported stablecoin, RLUSD, have occurred, a new study reveals. Regardless, the digital currency has experienced remarkable initial uptake. Within its initial two months on the XRP Ledger and Ethereum networks, RLUSD facilitated a staggering $7.35 billion in dealings, outperforming numerous well-established stablecoins. Its presence now extends to platforms such as ZeroHash and Revolut. Moreover, RLUSD possesses significant over-collateralization, with holdings surpassing the $130 million in circulated coins by roughly $7 million. Ripple leadership has suggested increasing organizational curiosity in utilizing RLUSD for asset tokenization on distributed ledger technology, implying robust prospects for expansion. Financial entities are also discussing employing RLUSD for international settlements and corporate treasury administration.
