Long

Chair

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ripple-expands-rlusd-supply-with-new-stablecoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Expands RLUSD Supply with New Stablecoins</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ripples-legal-woes-continue-as-xrp-struggles-to-gain-value" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a> has introduced an additional 1.35 million RLUSD stablecoins on the <a href="https://en.bitcoinhaber.net/analysts-predict-xrp-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Ledger, marking a significant milestone for the <a href="https://en.bitcoinhaber.net/pepe-coin-supply-plunge-signals-market-optimism" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>. This rollout indicates the project’s advancement towards its final phase, with Ripple’s leadership emphasizing the expansion of the XRPL network following the resolution of the SEC lawsuit.</p>
<h2 style="text-align: justify" id="how-is-rlusd-s-supply-growing">How Is RLUSD’s Supply Growing?</h2>
<p style="text-align: justify">The RLUSD stablecoin initiative is gaining momentum, with Ripple recently minting a total of 2.45 million RLUSD in October alone. The minting process unfolded in four distinct phases, with this latest issuance being the largest to date. Ripple has tied this expansion to liquidity enhancement efforts and the objective of rigorously testing RLUSD under diverse conditions.</p>
<h2 style="text-align: justify" id="what-regulatory-hurdles-remain">What Regulatory Hurdles Remain?</h2>
<p style="text-align: justify">While the full launch of RLUSD awaits regulatory approvals, Ripple is committed to navigating the compliance landscape. The company is proactively bolstering its legal team to ensure alignment with U.S. regulations, especially given the challenges faced by other stablecoin creators. Ripple Board Chair Monica Long remarked that legal approval is crucial for the stablecoin’s market integration.</p>
<p style="text-align: justify">Key insights regarding Ripple’s current progress include:</p>
<ul>
 <li>1.35 million RLUSD stablecoins launched recently.</li>
 <li>A total of 2.45 million RLUSD minted in October.</li>
 <li>Ongoing tests on both XRP Ledger and Ethereum to ensure functionality.</li>
 <li>Ripple’s expansion of legal and compliance teams to meet regulatory standards.</li>
</ul>
<p style="text-align: justify">The recent developments surrounding RLUSD and the potential approval of the XRP ETF are generating optimism within the Ripple community. Analysts point to significant whale activities, with a large quantity of XRP tokens being purchased, suggesting anticipation of upcoming announcements that could influence market dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/ripple-expands-rlusd-supply-with-new-stablecoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Expands RLUSD Supply with New Stablecoins</a></h5>

Ripple Expands RLUSD Supply with New Stablecoins

Table of Contents

BH NEWS

Other articles published on Oct 2, 2024

Arthur Hayes Forecasts Bitcoin to Hit Record High in October

Treasure DAO Announces New Testnet 'Topaz' in Migration to ZKsync

Crypto Price Today (Oct 2nd, 2024): Bitcoin Falls to $61k, Ethereum and Solana Drop Sharply!

Denaria Points Campaign

October showdown: AVAX and NOT look set to lead the charge for huge gains

Ethereum Liquidations Surge to $96M as Geopolitical Tensions Rattle Crypto Markets

Join our free newsletter for daily crypto updates!