Ripple is gearing up to make a significant move with its RLUSD stablecoin as it continues expanding its supply and working through regulatory approvals. The company recently minted an additional 1.35 million RLUSD on the XRP Ledger, bringing the stablecoin closer to its full launch. This marks the largest RLUSD issuance to date, as Ripple positions itself for major developments post-SEC case.RLUSD Supply Increases
Ripple's RLUSD supply has grown steadily, with 2.45 million tokens minted in October across four stages. The latest issuance is aimed at increasing liquidity and stress-testing the stablecoin under various conditions. Ripple is waiting for full regulatory approval, which it views as critical to ensure compliance with U.S. laws and avoid legal issues similar to those faced by other stablecoin issuers.
ETF Developments and Market Speculations
In parallel with RLUSD’s expansion, excitement is building over Bitwise’s application for a Spot XRP ETF. If approved, the XRP ETF could drive strong inflows, pushing the price of XRP upward. Market analysts have noted increased whale activity, suggesting that investors are positioning for significant developments in Ripple’s ecosystem.
With RLUSD nearing full launch and ETF prospects on the horizon, Ripple's future looks promising, potentially leading to significant growth within the XRP Ledger and broader crypto market.
