{"id":144726,"date":"2024-12-13T18:30:02","date_gmt":"2024-12-13T16:30:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144726"},"modified":"2024-12-13T15:00:25","modified_gmt":"2024-12-13T13:00:25","slug":"ripple-mints-over-13m-rlusd-stablecoins-as-launch-approaches","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-mints-over-13m-rlusd-stablecoins-as-launch-approaches\/","title":{"rendered":"Ripple Mints Over 13M RLUSD Stablecoins as Launch Approaches"},"content":{"rendered":"<p>This marks a key step as Ripple prepares to launch the stablecoin after receiving regulatory approval from the New York Department of Financial Services (NYDFS).<\/p>\n<p>The <strong><a href=\"https:\/\/etherscan.io\/tx\/0x90ef86af108eefcdf4e2b323a4d7a0306869a8bd8b7b4d754e709ffe23a56fe7\" rel=\"nofollow\">minting<\/a> <\/strong>process has seen RLUSD tokens distributed between the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a> <\/strong>Ledger and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>network. With RLUSD fully backed by U.S. Treasuries, Ripple is conducting comprehensive tests to ensure functionality across platforms. These steps are designed to ensure a smooth rollout, with Ripple CEO Brad Garlinghouse confirming that they will officially announce the stablecoin\u2019s launch when it goes live.<\/p>\n<p>What sets RLUSD apart from its competitors is its compliance with U.S. regulations, such as the Dodd-Frank Act, making it one of the few stablecoins approved by U.S. authorities. Ripple\u2019s approach to transparency, including real-time audits, further differentiates it from other stablecoins like <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a> <\/strong>and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a><\/strong>, which have faced scrutiny over their operations.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-144697\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Ripple\u2019s XRP token has also benefitted from these developments, with its price rising from $1.90 to $2.35. Analysts suggest that RLUSD\u2019s launch could spur further gains for XRP, particularly if the stablecoin integrates into decentralized finance (DeFi) ecosystems, where it could generate additional demand. Notably, large XRP transfers have been taking place, signaling heightened interest in Ripple\u2019s ecosystem as the stablecoin\u2019s release nears.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple Labs is advancing its stablecoin project, RLUSD, with significant progress as it mints nearly 14 million tokens across various blockchain networks.<\/p>\n","protected":false},"author":7,"featured_media":33710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,22],"tags":[271,108,71,223],"coin_category":[],"class_list":["post-144726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-others","tag-ethereum","tag-price","tag-stablecoin","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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