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Ripple Mints 39.4 Million RLUSD in Just 24 Hours as Stablecoin Activity Accelerates
TL;DR
Ripple minted 39.4 million RLUSD tokens in 24 hours, with $33.4 million on May 18 and $6 million on May 19. The total circulating supply of RLUSD is now approximately $1.61 billion.
Key points
- 39.4 million RLUSD minted in 24 hours
- $33.4 million minted on May 18
- $6 million minted on May 19
- Total circulating supply is $1.61 billion
- $0 RLUSD burned in the last 24 hours
Mentioned in this story
Ripple
RLUSD
Ripple USD stablecoin has seen an increase in activity over the last 24 hours with 39.4 million RLUSD tokens minted in this span.
According to the Ripple USD tracker website, $33.4 million RLUSD tokens were minted on May 18 while $6 million RLUSD has been minted so far on May 19. This added up to a total of $39.4 million RLUSD minted over the last 24 hours.
The Ripple Stablecoin tracker on X reported two transactions which totaled $31 million RLUSD minted. $16 million RLUSD and $15 million RLUSD minted in two separate transactions on the XRP Ledger, Ripple stablecoin tracker reported hours ago.
Meanwhile, $0 in RLUSD was burned in the last 24 hours. The latest mint events boost RLUSD supply on XRP Ledger which is currently at $442,192,034. The total circulating supply of RLUSD according to the Ripple USD tracker website is currently $1,611,422,372.
May 15 saw a series of burn transactions with 22,075,051 RLUSD and 10,000,000 RLUSD burned at RLUSD Treasury on the Ethereum transaction.
Important notice passed to XRP Ledger validators
Ripple head of engineering J.A Akinyele sends out an important notice to XRP Ledger validators. This comes ahead of the fix amendment in XRPL version 3.1.3 which is set to activate in about eight days.
The XRPL version 3.1.3 was released on May 8 and included one default-yes fix amendment.
In a new tweet, Akinyele revealed that 44% of the XRPL network has upgraded to v3.1.3. This is less than half of the network with node operators urged to upgrade as soon as possible.
This urgency to update follows as the fix amendment in the XRP Ledger software version 3.1.3 will be activated in about 8 days. Nodes that haven't been updated to the latest software version will be unable to communicate with the network, referred to as amendment blocking.
Q&A
How many RLUSD tokens were minted by Ripple in the last 24 hours?
Ripple minted 39.4 million RLUSD tokens in the last 24 hours.
What is the total circulating supply of RLUSD as of now?
The total circulating supply of RLUSD is approximately $1,611,422,372.
What were the significant transactions for RLUSD on May 18 and 19?
On May 18, $33.4 million RLUSD was minted, and on May 19, $6 million RLUSD was minted.
