Ripple Mints $38.6M RLUSD, Burns $50.6M as Standard Chartered Custody Goes Live

Ripple’s RLUSD mint activity is picking up pace, and the timing is no coincidence. On-chain data from the Ripple Stablecoin Tracker shows that Ripple Treasury executed two back-to-back RLUSD mints on Ethereum totaling $38.6 million. At the same time, three separate burns worth $50.6 million hit the XRP Ledger. The net result: a $12 million