Ripple’s Minting Break – What’s Really Going On?

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In an unexpected twist, Ripple’s USD-backed stablecoin, RLUSD, has decided to take a little vacation. After minting its last batch on April 25, the Ripple Stablecoin Tracker has reported nothing but silence from the crypto giant. No new coins, no minting drama — just crickets. 🙄

The Mystery of Ripple’s Minting Pause

Why this sudden pause? Was Ripple on a holiday or just tired of minting coins for a while? According to the data, the last creation of RLUSD occurred in three batches on April 25 — two with 11,500,000 tokens each and one with a slightly more generous 15,000,000. But since then, it’s been radio silence. No minting activity, just a growing sense of curiosity (and maybe some panic).😬

The numbers don’t lie, though. RLUSD is still going strong, sitting pretty at a market cap of $316.88 million. But don’t be fooled — the platform hasn’t exactly been a minting machine. Instead, Ripple has taken its sweet time, spacing out the minting over the past couple of months. This cautious approach is paying off, though, with RLUSD climbing to the respectable rank of 217th in market cap. Keep those coins coming, slowly but surely. 📈

Ripple’s Stablecoin — A Reluctant Star

Despite these periodic pauses, RLUSD has been quietly thriving in the background. Launched as the “golden standard” for enterprise use, it originally catered to businesses. But, like all great things, it evolved. Ripple has pushed RLUSD into the limelight, integrating it into the Ripple Payment platform for even more utility. 🏆

And don’t even get us started on its new side gigs. RLUSD is now collateral for DeFi platforms, showing up in centralized finance applications, and even helping nonprofits with donations. It’s listed on major exchanges like Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash, making it easy for crypto enthusiasts to trade or buy. It’s not just a stablecoin; it’s a social butterfly. 🦋

All of this is happening while rumors swirl about Ripple possibly buying out Circle. Who knows what the future holds, but one thing’s for sure: RLUSD isn’t going anywhere. 🚀

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2025-05-02 14:36