Close Menu
Cryprovideos
    What's Hot

    Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout

    June 4, 2025

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»No New Ripple USD (RLUSD) in 10 Days, What's Occurring?
    No New Ripple USD (RLUSD) in 10 Days, What's Occurring?
    Markets

    No New Ripple USD (RLUSD) in 10 Days, What's Occurring?

    By Crypto EditorFebruary 21, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Ripple USD (RLUSD) stablecoin minting has halted for the previous 10 days. Based on information from Ripple Stablecoin Tracker on X, the blockchain funds agency final minted 625,000 RLUSD on the Treasury on Feb. 10, 2025.

    Why no new RLUSD since Feb. 10

    Notably, RLUSD is a stablecoin designed for funds, particularly cross-border transactions. Therefore, the minting course of may happen when there is a rise in demand or to arrange for an anticipated request surge.

    Analysts argue that the present pause in minting from the Treasury is likely to be a strategic approach to stabilize provide and keep away from flooding the market. If provide exceeds demand, it may influence the worth of RLUSD.

    Associated

    No New Ripple USD (RLUSD) in 10 Days, What's Occurring?

    It may additionally sign a strategic resolution to watch market situations earlier than minting a brand new batch of RLUSD. It’s price noting that new minting occurs after technical and operational changes. This ensures that the reserve asset backing RLUSD is ample to ensure stability.

    On condition that RLUSD and XRP are inside Ripple’s ecosystem, this improvement may influence the token. RLUSD is a comparatively new stablecoin in comparison with others like USDT and USDC, which dominate the market.

    Therefore, if the pause in printing outcomes from a failure to realize traction amongst customers, it may doubtless have an effect on investor confidence within the Ripple ecosystem, together with the worth of XRP.

    Market implications and Ripple’s stablecoin ambitions

    As of this writing, XRP was buying and selling at $2.67, a 0.73% decline within the final 24 hours. XRP has did not breach the $2.80 resistance stage within the final seven days.

    In the meantime, buying and selling quantity has additionally dropped by 28.52% to $3.84 billion as buyers stay cautious.

    Associated

    Ripple CTO Clarifies RLUSD Anomaly as XRP Price Jumps

    RLUSD, alternatively, has remained comparatively secure and is altering palms at $0.9999. Market watchers opine that the choice to not mint further RLUSD resulted from market dynamics.

    At RLUSD’s official launch, Ripple said it was out to seize a good portion of the stablecoin market. Regardless of the minting halt, RLUSD has additionally achieved some new milestones within the ecosystem as provide topped the 120 million token vary.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Floating-Level 8: Revolutionizing AI Coaching with Decrease Precision

    June 4, 2025

    fly.commerce is Launching $FLY on Sonic

    June 4, 2025

    ADA Breaks Down however Finds Hope in Key Demand Zone – BlockNews

    June 4, 2025

    $92,000,000,000 Asset Supervisor Says US Greenback Overvalued for ‘Many Years Now,’ Warns Development Will Finally Be Down for American Foreign money – The Every day Hodl

    June 4, 2025
    Latest Posts

    Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout

    June 4, 2025

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Bitcoin Targets $122K – Greatest Crypto to Purchase for 100x

    January 22, 2025

    Mastercard Pushes Deeper Into Crypto With New Stablecoin Cost Options

    April 29, 2025

    TON or SOL: the crypto that each investor ought to watch throughout this market downturn

    December 21, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.