Throughout the final 24 hours, Ripple has issued a further 2,500,000 RLUSD tokens after earlier minting 2 million RLUSD tokens. On Feb. 28 alone, a complete of 4.5 million RLUSD had been minted on the RLUSD Treasury. After a short pause final month, Ripple resumed minting RLUSD stablecoin Feb. 27, issuing 7.1 million RLUSD tokens.
Because it’s standard follow since RLUSD launched globally in December 2024, Ripple has launched its attestation report for January 2025, offering transparency into the property backing the stablecoin. The report confirms that every RLUSD token is absolutely collateralized, guaranteeing stability and reliability for customers.
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In current developments this week, Ripple introduced its partnership with BDACS to develop institutional crypto custody in South Korea, which is able to present safe infrastructure for XRP, RLUSD and different crypto property.
Ripple and Ondo Finance in January introduced a partnership to convey OUSG, tokenized U.S. Treasuries to XRP Ledger, which will likely be minted and redeemed via RLUSD.
RLUSD features traction
The just lately launched RLUSD attestation report has sparked curiosity within the cryptocurrency group, with distinguished XRP group members and ripple executives sharing highlights from the report.
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In January, RLUSD skilled good market cap progress, reaching $130 million. Additionally, there was no main RLUSD burning, based on Vet, an XRPL dunl validator, who shared the report’s highlights on X.
In line with Jack McDonald, Ripple’s SVP of Stablecoins and CEO of Normal Custody, RLUSD reached $7.35 billion in buying and selling quantity on XRPL and ETH in its first 60 days of operation (a lot bigger quantity than many others) and have become obtainable on ZeroHash and Revolut. RLUSD additionally stays over-reserved, with $7 million extra in reserves than the general RLUSD provide of round $130 million.
McDonald additionally notes elevated inbound curiosity in adopting RLUSD for on-chain collateralization of tokenized property, highlighting numerous potentialities forward. Ripple government Reece Merrick additional reported that many monetary establishments are excited about how RLUSD may be used for cross-border settlement and inside treasury funds.