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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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XRP Important Signal: Ripple mints 5 million stablecoins on Ethereum, is a new round of big pump coming?
Ripple (XRP) maintains a long positions trend, currently reported at 3.47 USD during the Asian afternoon session on the 23rd. Ripple has minted 5 million new RLUSD tokens on the Ethereum blockchain, increasing its total issuance in July to 77.5 million, providing important fundamental support for the next round of big pump.
This milestone highlights Ripple's strategic growth in the stablecoin space, emphasizing the enhancement of transparency and compliance through collaboration with established financial institutions.
Bluechip's A-level rating for RLUSD highlights its status as a top-tier enterprise-grade stablecoin in the vibrant cryptocurrency market.
With Ripple's recent issuance of 5 million RLUSD Tokens on Ethereum, the supply of this stablecoin has significantly increased, reaching a total issuance of 77.5 million by July.
RLUSD currently ranks among the top 200 digital assets globally, with a market capitalization of approximately 533 million USD.
For institutional investors seeking reliable digital assets, stablecoins are more dependable and attractive.
Bluechip has awarded RLUSD an A rating (the highest rating among all stablecoins in its assessment), indicating strong confidence in its governance and stability. This independent recognition enhances RLUSD's status and encourages broader adoption within the cryptocurrency community.
The main standards for Bluechip include transparency, reserve support, and regulatory compliance; RLUSD excels in these areas, allowing it to stand out among many competitors.
Ripple's collaboration with the globally renowned and highly regarded securities custodian, BNY Mellon, provides critical security and compliance for the reserve management of RLUSD.
By appointing Bank of New York Mellon for reserve custody, Ripple enhances transparency and investor protection while adhering to best practices in financial regulation.
Ripple is committed to integrating the rigor of traditional finance into the decentralized stablecoin framework, and this strategic partnership reflects that commitment.