Ripple Issues 90 RLUSD Stablecoins

Ripple removes 90 RLUSD Stablecoins (Photo; Doc. Indian Invention)

JAKARTA - Ripple Labs, a blockchain technology company, has again issued 90 RLUSD stablecoins. This move is part of the company's strategy to maintain liquidity and supply stability in the market. Data from Ripple Stablecoin Tracker shows that this issuance is an important part of the company's strategy in maintaining liquidity and supply stability in the market.

In this latest publication, Ripple Labs did not burn tokens, in contrast to previous practices where new tokens were often burned to adjust supply. Previously, Ripple had burned 185 RLUSD, but this time, the publication was carried out without this step.

According to information from Coingape, based on data from Etherscan, the new 90 RLUSDs were printed on the Ethereum blockchain. This is a continuation of Ripple's efforts to strengthen their stablecoin framework, maintain stability in the digital ecosystem, and ensure adequate liquidity. This printing session comes after a brief break, in which the last publishing was recorded about a week ago.

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In addition, data from Tracker also revealed that today Treasury carried out several other publications, with a total of 402 RLUSD printed in one day.

Ripple Labs adopts a trial-focused approach and regulatory compliance in introducing RLUSD. By avoiding burning in this phase, the company seeks to study market responses to a steady supply increase. In addition, a third-party audit scheduled to come will assess Ripple's adequacy of reserves, ensuring transparency and stability of RLUSD tied to the US dollar.

Going forward, Ripple plans to expand the use of RLUSD on various financial platforms. Each new publishing brings RLUSD closer to being integrated in daily financial transactions. Analysts believe that the launch of RLUSD stablecoins has the potential to bring significant transaction volume to XRP Ledger Mainnet, expanding the role of XRP in the ecosystem.

An expert emphasized the important role of RLUSD in the Ripple ecosystem, noting the similarity of functions between XRP in XRPL and ETH as a gas token in Ethereum. The use of RLUSD is expected to facilitate cross-currency transactions, adding value to the XRP network.