Ripple mints $10M RLUSD as XRP whales add 380M

Ripple minted 10 million Ripple USD on the XRP Ledger on Aug. 10, adding another large issuance transaction to its regulated stablecoin network. Summary Ripple minted 10 million RLUSD on XRPL, according to the transaction recorded by XRPScan Monday. RWA.xyz shows RLUSD market capitalization near $1.53 billion, below Ripple’s reported $1.7 billion June level. Santiment data shared by Ali Martinez showed whales accumulated more than 380 million XRP weekly. XRP traded near $1.03 Monday, remaining close to the psychologically important $1 level despite accumulation. New York regulators list RLUSD among stablecoins approved for issuance by regulated virtual currency entities. The onchain transaction was recorded by XRPScan and tracked publicly shortly after execution. The mint arrived as separate Santiment data shared by analyst Ali Martinez showed large XRP holders adding more than 380 million tokens during the previous week. The two developments occurred around the same period, but there is no evidence that the RLUSD issuance caused the whale accumulation or that the whales were responding to Ripple’s mint. RLUSD mint does not automatically mean $10M entered markets Ripple’s 10 millio...