No RLUSD Minted Since April 2 — Is Something Cooking? 🤔
It has been more than a week since the latest batch of RLUSD stablecoins was minted by Ripple blockchain giant. In this regard, the company finished March and started April on a positive note, as it minted 117,000,000 RLUSD in three batches.
A total of 17,000,000 RLUSD left Ripple’s minting digital press on March 28, followed by 50,000,000 RLUSD created on April 1, then once again 50,000,000 RLUSD was issued on April 2.
Today is April 9, and no new RLUSD tokens have been created over the past week, according to the Ripple Stablecoin Tracker account on the X platform. However, there has been a new development that may shed some light on this. Apparently, RLUSD is just about to expand its utility massively.
Ripple to use RLUSD in its biggest new $1.25 billion collaboration This week, the Ripple giant spread the word about its largest acquisition ever made (and one of the largest deals in crypto as well) as it purchased Hidden Road — a global, multi-asset top broker.
The price of the deal was mind-blowing: $1.25 billion. Ripple CEO Brad Garlinghouse commented on that deal on his X handle, saying that this is a “a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.”
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