Ripple Mints 10 Million RLUSD as Institutional Demand Surges

• Ripple minted 10 million RLUSD on the XRP Ledger as its market cap hit $1.71B.
• The transaction was processed on August 17 with a low fee of 0.000405 XRP.
• Circulation surpassed 1.71 billion RLUSD with $58 million daily volume.

Ripple minted 10 million RLUSD on the XRP Ledger on Aug. 17, expanding the stablecoin’s circulating supply as institutional adoption gains momentum. The issuance comes amid growing use of stablecoins for corporate settlements and cross-border liquidity, reinforcing RLUSD’s role in wholesale digital asset markets. 

The underlying ledger network handled the entire multimillion-dollar transaction smoothly in seconds. On-chain metrics confirm that the protocol charged a microscopic network fee of merely 0.000405 XRP. 

Corporate Liquidity Surge Drives RLUSD Demand

RLUSD reached a $1.71 billion market valuation as institutional adoption accelerated, with daily trading volume surpassing $58 million across verified institutional venues. The growth points to rising demand for fully collateralized, yield-bearing dollar assets in enterprise markets. 

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