Ripple Mints 10.5 Million RLUSD Tokens as Launch Nears

Ripple Labs has taken another big step in preparing its RLUSD stablecoin for launch by minting 10.5 million tokens on the mainnet. This move is part of a series of tests designed to ensure the stablecoin can handle real-world demands before going live. The testing process includes minting, burning, and transferring RLUSD to evaluate its performance. Notably, the cost to mint the latest batch of RLUSD was just 0.000135 XRP, showcasing the low-cost efficiency of Ripple’s ledger. Earlier this month, Ripple minted over 441,000 RLUSD tokens in just one hour. While the exact launch date remains unknown, excitement is growing as Ripple moves closer to introducing RLUSD to the stablecoin market.