Markets

Zero New Rlusd minted in the week – what's going on?

The data shared by the Ripple Stablecoin Tracker X account (@rl_tracker) shows that in the last week Ripple's Treasury has been minted by zero coins.

Last week for circulation was not added to the RLUS

Ripple Stablecoin's follower announced the latter on April 25, when the Treasury created two lots containing 11,500,000 RULUS and one of the 15,000,000 RLUS. Prior to that, the Treasury burned 15,000,000 RLUS. Thus, Ripple created 38,000,000 XRP in just 24 hours.

Prior to the release of their stablein, Ripple had also minted with and then burned it with one transaction. Since the modeling of April 25, there has been silence so far.

According to recent data from Arkham, its recently launched Stablein's overall offer has reached 317,042 711.84 RLUS. Most (about 70%) have been published in the ethereum chain, not in the XRP main book.

In the last two months, Ripple has taken a pause quite regularly and has lasted for two or even three weeks, as Ripple gradually injects new coins without speed. By now, RLUS has reached $ 316.88 million in market capitalization and is ranked 217th.

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Rlusd added Ripple to payments

Ripple has expanded the utility by adding its new product to its Ripple Payments network previously known as the name of the Liquidity (ODL).

Initially, stability had to be used for companies and was prepared for them as a golden standard. But later, Ripple decided to expand his utility by adding it to Ripple's payments that retail customers often use for money transfers, with XRP.

In addition, the RLUSD has increasingly used Def Platforms and Centralized Finance Applications as a collateral, as well as non -profit associations to receive donations. Rlusd is already available for trading and buying in larger cryptocurrencies such as Kraken, Lmax Digital, Bitstamp, Bullish, Bullish and Zero Riigi.

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Ripple locks 700 million XRP in the case of tinging

Earlier today, crypto Behemoth Ripple was spotted, exceeding 700,000,000 XRP scoring. It took place before a regular monthly surgery to open a 1,000,000,000 XRP, which recently shifted from the first day of the new month.

After the release of an XRP, seven hundred million XRP are usually locked. But not this time.

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