RLUSD Supply Surges by $122M in July, Lifting XRP Market Sentiment
The post RLUSD Supply Surges by $122M in July, Lifting XRP Market Sentiment appeared on BitcoinEthereumNews.com. Ripple Labs minted 122.5 million RLUSD in July, expanding the supply of its U.S. dollar-backed stablecoin to over $527 million, according to blockchain data aggregated from XRP Ledger and Ethereum. The sharp increase has drawn attention from traders and the community investors evaluating the asset’s potential impact on XRP, Ripple’s native token. Source: RippleXity RLUSD, launched earlier this year, is Ripple’s answer to USDT and USDC, with interoperability across XRPL and Ethereum networks. The minting volume in July marked the stablecoin’s fastest month of growth since inception, coinciding with integrations from Swiss banking firm AMINA and momentum around the U.S. GENIUS Act, a proposed regulatory framework for fiat-backed stablecoins. XRP Utility and Market Dynamics XRP, priced at $3.16 at time of writing, traded as high as $3.20 earlier this month, briefly touching resistance levels not seen since Q1. The token has outperformed peers such as ADA and TRX, with analysts pointing to RLUSD-linked flows as a differentiator. Source: TradingView On the XRP Ledger, RLUSD frequently auto-bridges through XRP, creating structural demand. Analysts note that increased RLUSD settlement volumes—especially across institutional payment corridors—translate to more liquidity and volume on XRPL, indirectly benefiting XRP. Navigating Market Momentum with Communications That Fit As the digital asset sector matures, firms building around utility tokens, stablecoins, or on-chain finance increasingly require PR strategies tailored to real market behavior. One agency approaching this challenge with a unique lens is Outset PR. Founded by crypto PR strategist Mike Ermolaev, Outset PR operates more like a communications workshop than a traditional agency. Each campaign is developed to fit market timing and media dynamics—not pre-packaged templates. Journalistic angles are crafted based on discoverability metrics, domain authority, conversion potential, and platform-specific tone. Rather than optimizing for vanity placements, Outset PR uses daily media analytics, sentiment monitoring, and competitive benchmarks to…
The post RLUSD Supply Surges by $122M in July, Lifting XRP Market Sentiment appeared on BitcoinEthereumNews.com.
Ripple Labs minted 122.5 million RLUSD in July, expanding the supply of its U.S. dollar-backed stablecoin to over $527 million, according to blockchain data aggregated from XRP Ledger and Ethereum. The sharp increase has drawn attention from traders and the community investors evaluating the asset’s potential impact on XRP, Ripple’s native token. Source: RippleXity RLUSD, launched earlier this year, is Ripple’s answer to USDT and USDC, with interoperability across XRPL and Ethereum networks. The minting volume in July marked the stablecoin’s fastest month of growth since inception, coinciding with integrations from Swiss banking firm AMINA and momentum around the U.S. GENIUS Act, a proposed regulatory framework for fiat-backed stablecoins. XRP Utility and Market Dynamics XRP, priced at $3.16 at time of writing, traded as high as $3.20 earlier this month, briefly touching resistance levels not seen since Q1. The token has outperformed peers such as ADA and TRX, with analysts pointing to RLUSD-linked flows as a differentiator. Source: TradingView On the XRP Ledger, RLUSD frequently auto-bridges through XRP, creating structural demand. Analysts note that increased RLUSD settlement volumes—especially across institutional payment corridors—translate to more liquidity and volume on XRPL, indirectly benefiting XRP. Navigating Market Momentum with Communications That Fit As the digital asset sector matures, firms building around utility tokens, stablecoins, or on-chain finance increasingly require PR strategies tailored to real market behavior. One agency approaching this challenge with a unique lens is Outset PR. Founded by crypto PR strategist Mike Ermolaev, Outset PR operates more like a communications workshop than a traditional agency. Each campaign is developed to fit market timing and media dynamics—not pre-packaged templates. Journalistic angles are crafted based on discoverability metrics, domain authority, conversion potential, and platform-specific tone. Rather than optimizing for vanity placements, Outset PR uses daily media analytics, sentiment monitoring, and competitive benchmarks to…
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