Ripple mints 10 million RLUSD as supply hits 1.71B

Ripple minted 10 million Ripple USD tokens on the XRP Ledger on Aug. 17, completing another large issuance transaction as the stablecoin’s circulating supply reached approximately 1.711 billion. Summary Ripple minted 10 million RLUSD on XRPL on Aug. 17, according to public ledger records. CoinGecko placed circulating supply near 1.711 billion, with market capitalization around $1.71 billion Monday morning. The transaction cost 0.000405 XRP and used two authorized signers for approval before settlement completion. Ripple Mint lets approved institutions issue, redeem, bridge and monitor RLUSD through interfaces and APIs. One mint does not independently prove new institutional demand, market deployment, or purchases of XRP. Public data cited by XRPScan showed that Ripple’s issuer account transferred the tokens to a designated RLUSD destination account. The transaction cost 0.000405 XRP, used two authorized signers and recorded a maximum delivery amount of 10 million RLUSD. Ripple did not identify the receiving customer or disclose the tokens’ intended use. The transaction confirms issuance, but it does not independently support claims that “institutional demand grows.” RLUSD mint does...