According to the X account that tracks the supply of newly minted RLUSD, Ripple has recently created another 25 million coins, readying the protocol for additional liquidity.
RLUSD was one of the most highly anticipated developments in the Ripple ecosystem. It’s designed to be a regulated stablecoin, and its floating supply is currently available on both Ethereum and the company’s own blockchain, the XRP Ledger (XRPL). At the time of this writing, around $125 million worth of RLUSD circulates on Ethereum and about $44 million – on XRPL.
While the numbers might appear odd, they do make sense from a business perspective. DeFi on XRPL is yet to take off, while Ethereum remains the most liquid network for decentralized applications, regardless of the recent slumps in the price of its native cryptocurrency.
But will the newly minted $25 million RLUSD affect XRP’s price? After all, they account for around 15% of the entire supply of the stablecoin. Well, they haven’t so far. XRP is
We współpracy z: https://cryptopotato.com/critical-ripple-xrp-development-potential-price-implications/
