Ripple’s Minting Madness: 9.1 Million RLUSD in Just 12 Hours! 💰😲

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It is with no small measure of astonishment that I relay to you the recent tidings, as conveyed by the esteemed Ripple Stablecoin Tracker on the X social media network, that a veritable torrent of nearly 10,000,000 Ripple USD stablecoins (RLUSD) has been minted by the illustrious blockchain enterprise hailing from San Francisco, all within the span of a mere twelve hours. One might be tempted to inquire whether they possess a minting machine of extraordinary capabilities! 😄

Prior to this remarkable feat, on the seventh day of February, the Ripple Treasury had the audacity to issue a modest sum of 1,000,000 RLUSD, as per the same reliable source. These substantial lumps of currency were dispensed following the recent triumph of the dollar-pegged stablecoin, which has secured two notable listings upon the grand stages of major crypto platforms. One can only imagine the celebratory soirées that must have ensued! 🎉

💵💵💵💵💵💵 7,100,000 #RLUSD minted at RLUSD Treasury.

— Ripple Stablecoin Tracker (@RL_Tracker) February 7, 2025

Among the platforms that have graciously extended their support to the RLUSD are the ever-popular Revolut online banking app and the distinguished crypto infrastructure platform, Zero Hash. It appears that the RLUSD is becoming quite the social butterfly, flitting from one platform to another with the grace of a well-bred debutante! 🦋

Earlier this very year, RLUSD was welcomed into the fold by such illustrious cryptocurrency exchanges as Bitstamp and Bullish, among others. The future appears bright for this stablecoin, as Ripple has grand designs to launch it upon additional platforms, including the likes of Binance and Coinbase. Negotiations are reportedly underway, as confirmed by the ever-optimistic Ripple director, Monica Long. One can only hope that these discussions are as fruitful as a well-tended garden! 🌼

Last month, RLUSD achieved a most commendable milestone, as its market capitalization value soared to the impressive height of $100,000, albeit temporarily. It seems that the RLUSD is determined to make a name for itself in the bustling world of cryptocurrency, much like a young lady determined to secure a suitable match at a ball! 💃

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2025-02-08 23:15