Ripple's RLUSD Stablecoin Sees Significant Issuance Amid Growing Demand

According to CoinDesk, over $100 million in Ripple USD (RLUSD) has been issued since April 1, marking one of the highest levels in recent months as demand for this relatively new stablecoin intensifies. Earlier this week, a $50 million tranche of RLUSD was issued on Tuesday, followed by another $50 million on Wednesday. This issuance coincides with Ripple's integration of the stablecoin into its official payments product, with payment providers BKK Forex and iSend reportedly already utilizing the stablecoin. Industry experts anticipate that RLUSD could significantly alter the dynamics of the crypto market, potentially challenging established players like tether (USDT) and USD Coin (USDC) with Ripple's offering source: https://www.binance.com/en/square/post/22411280223402?utm_source=BinanceNewsRSS