Recently, Ripple created an additional 350,026 Ripple USD (RLUSD) tokens update. This marks your first mint event in more than a week.
Last week, Ripple minted a record-breaking RLUSD token.
The token’s market capitalization is currently close to the $300 million mark, Coingecko data shows.
As Reported by U.TodayRipple recently announced its acquisition of Hidden Road for $1.25 billion. This transaction is expected to benefit RLUSD as it will be used as collateral for a variety of products offered by Prime Securities Company.
The company believes RLUSD will ultimately be able to appear in the top five biggest stubcoins by the end of this year.
