Throughout the final 24 hours, Ripple has issued an extra 2,500,000 RLUSD tokens after earlier minting 2 million RLUSD tokens. On Feb. 28 alone, a complete of 4.5 million RLUSD have been minted on the RLUSD Treasury. After a quick pause final month, Ripple resumed minting RLUSD stablecoin Feb. 27, issuing 7.1 million RLUSD tokens.
Because it’s regular follow since RLUSD launched globally in December 2024, Ripple has launched its attestation report for January 2025, offering transparency into the belongings backing the stablecoin. The report confirms that every RLUSD token is absolutely collateralized, guaranteeing stability and reliability for customers.
In latest developments this week, Ripple introduced its partnership with BDACS to broaden institutional crypto custody in South Korea, which can present safe infrastructure for XRP, RLUSD and different crypto belongings.
Ripple and Ondo Finance in January introduced a partnership to deliver OUSG, tokenized U.S. Treasuries to XRP Ledger, which shall be minted and redeemed by way of RLUSD.
RLUSD good points traction
The just lately launched RLUSD attestation report has sparked curiosity within the cryptocurrency neighborhood, with distinguished XRP neighborhood members and ripple executives sharing highlights from the report.
In January, RLUSD skilled good market cap development, reaching $130 million. Additionally, there was no main RLUSD burning, in line with Vet, an XRPL dunl validator, who shared the report’s highlights on X.
💵💵💵💵💵💵 2,500,000 #RLUSD minted at RLUSD Treasury.https://t.co/tBRHktLSdF
— Ripple Stablecoin Tracker (@RL_Tracker) February 28, 2025
In response to Jack McDonald, Ripple’s SVP of Stablecoins and CEO of Commonplace Custody, RLUSD reached $7.35 billion in buying and selling quantity on XRPL and ETH in its first 60 days of operation (a lot bigger quantity than many others) and have become accessible on ZeroHash and Revolut. RLUSD additionally stays over-reserved, with $7 million extra in reserves than the general RLUSD provide of round $130 million.
McDonald additionally notes elevated inbound curiosity in adopting RLUSD for on-chain collateralization of tokenized belongings, highlighting a lot of prospects forward. Ripple government Reece Merrick additional reported that many monetary establishments are concerned about how RLUSD may be used for cross-border settlement and inside treasury funds.
