XRP News Today: Ripple’s RLUSD Stablecoin Volume Jumps 30%

The post XRP News Today: Ripple’s RLUSD Stablecoin Volume Jumps 30% appeared first on Coinpedia Fintech News

Ripple, the company known for faster & cheaper cross-border transactions, has just minted 12 million RLUSD tokens, its own dollar-backed stablecoin, after staying silent for over a month. 

What’s grabbing everyone’s attention is the timing, as the U.S. Senate gets ready to vote on the GENIUS Act, a key bill that could shape the future of stablecoins, on June 17.

Does it mean ripple planning for something big?

According to the Ripple Stablecoin Tracker Ripple minted 12 million new RLUSD tokens in the last 24 hours. This sudden minting comes after Ripple had paused new RLUSD creation for about a month.