Key Takeaways
- Ripple generated $39.4 million worth of RLUSD tokens in a 24-hour window, expanding stablecoin availability across its ecosystem.
- The minting activity included $33.4 million RLUSD issued on May 18 and another $6 million on May 19.
- A pair of substantial transactions on the XRP Ledger contributed $31 million to the total RLUSD minted.
- Zero RLUSD tokens underwent burning during this timeframe, allowing continuous supply expansion.
- RLUSD supply on the XRP Ledger climbed to $442,192,034 following the recent minting operations.
Ripple expanded its RLUSD stablecoin supply by $39.4 million during a 24-hour timeframe, demonstrating robust minting operations throughout its blockchain infrastructure. Information from the Ripple USD monitoring system reveals consistent token issuance with zero burn events during this window. Concurrently, blockchain engineers pressed validators to implement system upgrades before an imminent XRP Ledger (XRPL) amendment takes effect.
RLUSD Token Creation Accelerates on XRP Ledger and Ethereum Networks
Ripple’s operations produced $33.4 million in RLUSD minted tokens on May 18, with an additional $6 million created early on May 19. Combined, these issuances totaled $39.4 million in fresh RLUSD within 24 hours.
The Ripple Stablecoin monitoring platform documented two substantial operations totaling $31 million RLUSD on the XRP Ledger. According to the tracker, “separate minting operations produced $16 million RLUSD and $15 million RLUSD.”
During this identical 24-hour window, zero RLUSD tokens underwent removal from circulation. This marks a departure from previous supply management patterns observed throughout the current month.
Latest figures indicate RLUSD supply on the XRP Ledger achieved $442,192,034 following these minting operations. Simultaneously, aggregate circulating supply spanning all networks reached $1,611,422,372.
Previous activity on May 15 witnessed burn operations on Ethereum totaling 32,075,051 RLUSD. These removal actions included 22,075,051 RLUSD plus another 10,000,000 RLUSD withdrawn from active circulation.
XRP Ledger Validators Pressed to Complete Upgrades Before Amendment Goes Live
Ripple engineering leaders emphasized the importance of validators upgrading their nodes to version 3.1.3 before an approaching activation threshold. This software update contains a default-yes fix amendment set to activate approximately eight days from now.
J.A. Akinyele noted that upgrade completion stands at 44% across the network. He emphasized, “Node operators should upgrade as soon as possible to avoid disruption.”
Validators that postpone upgrading will experience amendment blocking after the update goes live. Outdated nodes will lose network communication capabilities.
The XRP Ledger version 3.1.3 debuted on May 8 with a single primary fix amendment. Engineers created this update to preserve network consistency and ensure operational synchronization.
Ripple maintains oversight of upgrade adoption rates while encouraging remaining validators to take prompt action. The network needs substantially higher adoption levels before the amendment activation timeframe expires.
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