Ripple's Stablecoin Sees Significant Activity on XRP Ledger

Ripple has recently seen significant activity with its Ripple USD (RLUSD) stablecoin, particularly in the month of March.

According to recent data, a total of 9 million RLUSD was minted on the XRP Ledger over the past day. This development follows increased activity in March, as Ripple continues to advance its stablecoin with the ledger's utility.

The minting was done through two transactions, one for 4 million and another for 5 million RLUSD. Meanwhile, a total of 10.2 million RLUSD was burned on the Ethereum blockchain, which could indicate supply rebalancing efforts by Ripple.