Enterprise blockchain firm Ripple has minted an extra 5 million RLUSD tokens on the Ethereum blockchain.
In response to CoinGecko knowledge, the market cap of RLUSD at the moment stands at roughly $533 million, which makes it the 176th largest cryptocurrency.
Total, 77.5 million RLUSD tokens have now been minted throughout this July.
RLUSD just lately obtained a significant enhance from unbiased stablecoin ranking company Bluechip, which begins its protection of the token with an preliminary ranking of A. It’s now the highest-rated stablecoin.
Earlier this July, Ripple picked BNY Mellon, some of the distinguished American monetary companies companies, for safeguarding the reserves backing RLUSD. BNY Mellon is called the highest custodian of securities on the earth.
Ripple just lately celebrated the GENIUS Act, which offers the stablecoin sector with clear regulatory pointers. The important thing laws, which was signed into regulation final week, has been described as “historic” by CEO Brad Garlinghouse.