Ripple's new stablecoin, RLUSD, is gaining popularity. Over $100 million of RLUSD has been issued since April 1. This surge in issuance suggests strong demand.
- Ripple issued $50 million of RLUSD earlier this week.
- Payment providers like BKK Forex and iSend are now using RLUSD.
- Experts predict RLUSD will compete with USDT and USDC.
- RLUSD is pegged 1:1 to the U.S. dollar.
- Security features enhance its appeal for institutions.
- Users can mint or burn RLUSD to manage supply.
| Event | Amount |
|---|---|
| RLUSD Issued | $100 million |
| Single Issuance | $50 million |
