XRP Ripple News: RLUSD Minting Hits $100M As Demand Soars

Quick Summary:

Earlier this week, Ripple issued $50 million worth of RLUSD on Tuesday, followed by another $50 million on Wednesday.

Former Binance CEO Changpeng Zhao remarked that while it may seem like a “stablecoin war,” it’s actually healthy competition that’s just getting started.

Users can create RLUSD by depositing dollars with trusted partners or get cash by burning their tokens.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United StatesChina

Topics: Ripple (XRP) News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 07:57:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 50 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 27558242

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Main Topics: Crypto

Official Website: coinpedia.org

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News Last Updated: 18 hours ago

Coverage Areas: United States

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