The post Ripple Produces 600,000 RLUSD Tokens While Strategically Limiting Circulating Supply appeared on BitcoinEthereumNews.com.

Ripple, the blockchain-based digital payment company, has made headlines with the creation of 600,000 new RLUSD tokens. Despite this production, the cautious move by Ripple has left many wondering if Ripple is carefully managing the coin’s value and making sure it stays strong in the competitive crypto market. Ripple Produces 600,000 RLUSD Token Ripple’s RLUSD stablecoin currently holds a market cap of 53.1 million tokens, even after the recent creation of an additional 600,000 tokens. This indicates that despite producing more tokens, Ripple is maintaining a steady supply. The company has secured approximately $83 million in reserves, which are backing over $77.2 million worth of RLUSD tokens. This means the stablecoin is 7% over-collateralized, reflecting Ripple’s effort to provide stability and reliability to the token Furthermore, Ripple has promised to release its first attestation report within 30 days of RLUSD’s public launch. This report will detail the composition of the assets backing the stablecoin, adding transparency to Ripple’s operations and reinforcing its credibility. Ripple’s Master Plan Despite the recent creation of more tokens, analyst Arthur believes the company is controlling the supply of RLUSD to keep its value stable. If too many tokens are released too fast, could drop their price, which Ripple wants to prevent. Why is @Ripple limiting RLUSD circulation to 53,1M?🚨 Despite hitting the cap on the first days, the supply hasn’t increased. Is Ripple being cautious, or is there a bigger strategy at play? Let’s dive into it. THREAD🧵👇 — Arthur (@XrpArthur) January 2, 2025 By limiting the supply now, Ripple may be positioning itself for future conditions that could drive higher demand and adoption of RLUSD. As Ripple faces robust competition from major players like Circle and Tether, its careful supply management and growing presence in the market could make RLUSD a strong contender in…

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Filed under: News - @ January 4, 2025 7:20 am