Ripple issues $449M stablecoin on XRP Ledger, t...

Ripple minted $449.3 million of its RLUSD stablecoin on the XRP Ledger over a 30-day period, then burned $448.9 million of it within the same timeframe, effectively removing 99% of the newly issued tokens. The large-scale mint-and-burn activity highlights Ripple's control over RLUSD supply and a potential strategy to manage liquidity or market dynamics. Investors are advised to watch for future moves that could impact the stablecoin's availability and value.