Ripple Mints 10M RLUSD While XRP Whales Accumulate Millions

Ripple has officially minted 10 million units of its new stablecoin, RLUSD, on the XRP Ledger. This move marks a significant step for the company as it prepares to bring a USD backed asset to its ecosystem. The stablecoin is designed to operate alongside XRP, aiming to improve liquidity and cross border payment efficiency.

Market data shows that confidence remains high among the largest holders. Recent reports indicate that XRP whales have added 380 million tokens to their wallets. This accumulation suggests that big investors are betting on future price action despite the coin hovering near the one dollar mark.

Traders are watching these developments closely to see how the introduction of RLUSD impacts the broader utility of the network. If the stablecoin gains traction, it could create new demand for the ledger. For now, the focus remains on whether the current price support near one dollar will hold as whale activity continues.