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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.
Dan Burgin
U.Today Editorial Team
