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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-launches-1-35-million-rlusd-stablecoins-to-boost-ecosystem/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Launches 1.35 Million RLUSD Stablecoins to Boost Ecosystem</a> 
Ripple recently launched an additional 1.35 million RLUSD stablecoins on the XRP Ledger. This development signifies that the stablecoin is approaching its final stages, with Ripple’s management focusing on the growth of the XRPL network following the conclusion of the <a href="https://en.coin-turk.com/crypto-investors-await-november-with-high-hopes-will-bitcoin-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> lawsuit.
<h2 style="text-align: justify" id="rlusd-supply-increases">RLUSD Supply Increases</h2>
Ripple Labs is making progress with its RLUSD stablecoin project. In October, 2.45 million RLUSD were minted, with the supply increase occurring in four phases. The recent issuance marked the largest <a href="https://en.coin-turk.com/floki-partners-with-og-esports-team/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> minting to date, which the company stated was linked to efforts to enhance liquidity and test RLUSD under various conditions.
The full launch of RLUSD is pending regulatory approval. The Ripple team aims to complete the process in compliance with regulators, particularly in light of legal challenges faced by other stablecoin issuers like Paxos and TrueUSD. Like many <a href="https://en.coin-turk.com/coinbase-report-highlights-shift-in-crypto-market-focus/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> companies, Ripple has expanded its compliance and legal teams to issue stablecoins in accordance with U.S. regulations, thus avoiding a nightmare similar to the ongoing process with XRP Coin. Ripple Board Chair Monica Long stated:
<blockquote>
 “Completing legal approval is a necessary step before the stablecoin can fully integrate into the market.”
</blockquote>
<h2 style="text-align: justify" id="etf-developments-and-market-speculations">ETF Developments and Market Speculations</h2>
Recent developments in the RLUSD process are generating excitement about the Ripple ecosystem, especially with Bitwise Asset Management’s Spot XRP ETF application. If the XRP ETF is approved, the price is likely to rise, driven by strong inflows similar to other ETFs. Analyst Ali Martinez highlighted recent whale purchases, suggesting that someone is preparing for significant news early.
<blockquote>
 “This is why XRP whales are going on a buying spree!”
</blockquote>
Last week, we reported that XRP whales had purchased around 470 million tokens, amounting to transactions valued at approximately 276 million dollars. Ripple continues to conduct RLUSD tests on both the XRP Ledger and Ethereum networks. The latest tests were conducted to ensure the stablecoin operates smoothly in various network environments and to enhance scalability.
In conclusion, Ripple’s increase in RLUSD production and steps in the regulatory process are significant developments for the stablecoin’s potential success and the growth of the Ripple ecosystem.
The post <a href="https://en.coin-turk.com/ripple-launches-1-35-million-rlusd-stablecoins-to-boost-ecosystem/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Launches 1.35 Million RLUSD Stablecoins to Boost Ecosystem</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Ripple Launches 1.35 Million RLUSD Stablecoins to Boost Ecosystem

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