What’s Going On with Ripple’s RLUSD? Zero Minted This Week! 😱

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So, here’s the deal: the Ripple Treasury, in all its crypto glory, decided to do absolutely nothing this past week. Yep, zero new RLUSD coins minted. Can you imagine the drama at the Ripple offices? 🙄

Hold your horses – No RLUSD Added to Circulation This Week

The last time Ripple decided to mint some RLUSD was April 25, when they dropped two batches of 11.5 million RLUSD each, and one glorious batch of 15 million. Oh, and let’s not forget – 15 million RLUSD were also burned. *Poof*. All gone. And in just 24 hours, Ripple *magically* created 38 million XRP. That’s some magic trick right there. 🪄✨

But after that? Silence. Nada. Crickets. Nothing. It’s like Ripple’s minting machine ran out of steam or maybe took a much-needed vacation. 🏖️

💵💵💵💵💵💵💵 11,500,000 #RLUSD minted at RLUSD Treasury.

— Ripple Stablecoin Tracker (@RL_Tracker) April 25, 2025

According to the folks over at Arkham (who clearly have nothing better to do than count RLUSD), the total supply of RLUSD is now a whopping 317,042,711.84. And guess what? About 70% of it is chilling on the Ethereum chain, not the XRP Ledger. Way to mix things up, Ripple! 🤷‍♀️

Ripple’s been doing this “minting pause” thing regularly for the past couple of months. Like, “Hey, let’s just slow it down a bit. No rush.” And the market doesn’t mind! RLUSD is now worth a cool $316.88 million, sitting comfortably at #217 in the market cap rankings. 🚀

RLUSD Gets a Fancy New Home in Ripple Payments

Oh, and just when you thought RLUSD was done, Ripple goes and adds it to their Ripple Payments network (formerly known as On-Demand Liquidity – *so fancy*). At first, it was all about the enterprise crowd, but now they’re like, “Hey, let’s make this thing available for regular folks too!” 🙌

And guess what else? RLUSD is now used as collateral in DeFi and centralized finance platforms, and non-profits are even accepting it for donations. It’s like RLUSD is a Swiss Army knife of the crypto world. 🛠️

Oh, and you can buy and trade RLUSD on Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash. Because why wouldn’t you? 😏

Ripple Locks 700 Million XRP in Escrow

Just when you thought Ripple was done, they pull this move: locking 700 million XRP in escrow. That’s right, 700 million. No big deal. This happened right before their usual monthly operation where they unlock 1 billion XRP (now on the third day of the month – thanks for the heads up, Ripple). 🙄

And no, they didn’t lock the 700 million back after releasing the 1 billion this time. Gasp. What a twist! 😲

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2025-05-02 12:07