Crypto news

You Won’t Believe Why Ripple’s RLUSD is Taking a 21-Day Vacation!

BBG News

Well, well, well… it seems like the big shot Ripple Labs, the blockchain payment mogul, has been taking a bit of a nap. A whole 21 days without lifting a finger in the RLUSD stablecoin department. And here we were, thinking they never took a break! Last time they minted any fresh RLUSD was a whole 41 days ago – a shocking revelation from Ripple Stablecoin Tracker on X. You’d think they’d be minting like there’s no tomorrow, but nope, nothing but crickets.

April Was the Last Minting Party – Where’s the Spark?

So, let’s do some math (hold your applause). The last RLUSD minting party took place on April 25. A grand total of 11.5 million RLUSD were minted. And guess what? The crypto market didn’t exactly take a nap in the meantime. Bitcoin hit a sky-high all-time peak of $111,970, and plenty of other assets were shaking things up, too. You’d think folks would be clamoring for RLUSD like a hotcake, but here we are. Could it be that Ripple just *forgot* to mint more? Nah, they’re just playing it cool, right?

Maybe, just maybe, Ripple doesn’t need to mint more because their existing RLUSD stash is still keeping up with demand. Could it be they’ve got enough to go around? Or could they be playing the long game, waiting for the perfect moment? Strategic thinking at its finest! Let’s face it, in a market with heavyweights like Tether’s USDT and Circle’s USDC, controlling supply is a pretty slick move.

RLUSD: Bigger, Better, and Moving Forward

But don’t start thinking RLUSD is losing its shine just yet. Oh no, my friend, recent moves in the crypto world are pointing to more action than ever. Ripple has been strutting its stuff, and guess who just got the green light from the Dubai Financial Services Authority (DFSA)? That’s right, Ripple! Now their RLUSD can strut around in Dubai’s International Financial Centre, which houses over 7,000 companies. Talk about rubbing elbows with the big dogs!

And wait for it… RLUSD has also been listed on the Bitget exchange. Oh, you didn’t think they were going to sit out the exchange listings, did you? Now users can trade RLUSD/USDT or RLUSD/USDC pairs. You know, for those times when you’re looking for the ultimate crypto power combo.

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2025-06-04 14:01

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