Ripple Halts RLUSD Minting for Over 40 Days In Spite Of Market Rise
Ripple has not minted any new RLUSD tokens in over 41 days despite high market activity. According to X posts that track the minting of RLUSD, Ripple has not minted any new RLUSD tokens in over 41 days.
Ripple has not minted any new RLUSD tokens in over 41 days despite high market activity. The last RLUSD minting took place on April 25 as Ripple adopted a cautious supply strategy. According to X posts that track the minting of RLUSD, Ripple has not minted any new RLUSD tokens in over 41 days. The last issuance occurred on April 25, with 11.5 million RLUSD minted at the Treasury. This pause in stablecoin creation comes during a period of increased market activity, including Bitcoin reaching an all-time high of $111,970. Ripple likely postponed growing RLUSD supply despite higher trading volumes. The company had previously indicated caution with stablecoin issuance, planning to manage supply closely to ensure the coin remains stable and boosts demand. Ripple analysts suggest that the existing RLUSD supply may have already met institutional and on-chain needs, eliminating the need for new mints in the short term. Ripple’s measured supply strategy aligns with Ripple’s stance against dominant issuance players such as Tether and Circle. Ripple maintains issuance for RLUSD, establishing credibility around what it claims is a fully-backed reserve model verified by independent audits.
Dubai Greenlights RLUSD for Regulated Usage
Ripple has secured another crucial regulatory milestone from Dubai’s financial authority (DFSA), allowing it to use RLUSD in the Dubai International Financial Centre (DIFC). The approval enables DFSA-licensed entities such as banks, fintech startups, and payment providers to integrate RLUSD into their treasury operations and payment flows. With DFSA approval, Ripple joins Circle as one of Dubai’s few regulated digital assets for use within its financial ecosystem, and RLUSD as one of a select few approved stablecoins. The stablecoin must adhere to stringent transparency and reserve standards to remain eligible. An audited third-party report confirms RLUSD is backed 1:1 by liquid U.S. dollar assets held in custody, as affirmed by Ripple. This forms part of Ripple’s broader strategy to promote institutional usage across compliant markets. Ripple focuses on financial hubs like Dubai to enhance RLUSD’s appeal to businesses seeking secure, regulated digital currency solutions for cross-border settlements and asset tokenization. Ripple’s initiatives to introduce RLUSD across various sectors of the DIFC have garnered regulatory endorsement, with Zand Bank and Mamo already collaborating with local entities to accelerate adoption. Additionally, Ripple plans to incorporate RLUSD into Dubai’s public sector blockchain initiatives, including collaborations with the Dubai Land Department to tokenize real estate ownership records on the XRP Ledger. The pilot project, initiated in March, positions RLUSD as a transactional medium for future digital asset markets. This follows RLUSD’s recognition by the New York Department of Financial Services (NYDFS), bolstering its global legitimacy. Ripple’s dual licensure in New York and Dubai underscores its commitment to constructing compliant infrastructure for digital asset utilization.
XRP Eyes Breakout Amidst Technical Signals
XRP is currently trading at $2.19, with analysts anticipating a significant breakout above $2.30. According to Crypto analyst EGRAG CRYPTO, the $2.07 support level remains intact. Confirmation of the breakout could signify the start of a substantial upward movement, propelling XRP to levels as high as $2.65 and $3.00. Surpassing $2.30 in XRP’s price could validate a double bottom pattern and indicate the continuation of the Elliott wave, with the third wave typically involving robust price actions.
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