Information shared by “Ripple Stablecoin Tracker” account on the X platform, referring to Etherscan, reveals that Ripple Labs blockchain heavyweight continues to subject new RLUSD stablecoins after the latest launch of the brand new asset.
The info supply confirmed that, at the moment, the RLUSD Treasury minted 90 dollar-based stablecoins on the Ethereum chain.
The put up was printed roughly 13 hours in the past, nevertheless it was not the one batch minted at the moment. Previous to that, in line with the tracker, the Treasury additionally made a number of RLUSD emissions, and 402 RLUSD had been created in whole at the moment.
💵💵💵 90 #RLUSD minted at RLUSD Treasury.https://t.co/tv9whMgq4o
— Ripple Stablecoin Tracker (@RL_Tracker) September 11, 2024
The minting resumed after per week’s break, whereas the final time earlier than at the moment RLUSD had been created was on Sept. 6. On that day, 85 stablecoins had been minted, and virtually all of them had been burned instantly after the emission. All these emissions and burns had been a part of stablecoin testing by Ripple.
In line with the tracker, the Treasury started issuing RLUSD on the finish of August. RLUSD has a U.S. greenback peg and is totally backed with greenback deposits, in addition to short-term U.S. treasuries and different liquid belongings.
A 3rd-party firm might be employed to audit Ripple’s reserves, and the blockchain juggernaut will publish month-to-month attestations.