Ripple Mints and Burns RLUSD as Standard Chartered Adds Custody
Ripple's tracker showed 38.6 million RLUSD were minted on Ethereum while 50.6 million were burned, leaving a net reduction of 12 million tokens. The stablecoin's market value was about $2.42 billion, according to CoinGecko. Standard Chartered introduced an institutional custody service for RLUSD on the XRP Ledger on October 12 through its Dubai International Financial Centre branch.
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This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “Ripple Expands RLUSD Operations with Emissions and Burns.” Browse more stories.