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XRP News Today : Ripple Mints 10M RLUSD as Genius Act Ignites Stablecoin Boom
- Ripple minted 10 million RLUSD amid increasing demand for stablecoins, coinciding with U.S. Senate's Genius Act gaining momentum.
- Total stablecoin market cap surged to over $251 billion in June 2025, up by 54% year-on-year due to institutional adoption and regulatory clarity.
- Recent legislative developments are driving interest in regulated digital finance, paving the way for a stablecoin boom.
- U.S. Treasury sees stablecoins strengthening the dollar's global dominance, potentially becoming significant buyers of U.S. Treasurys.
- Ripple aims to challenge stablecoin giants like Tether and Circle with RLUSD amidst growing market caps for USDC and regulatory shifts.
- The Genius Act is viewed as transformative for the financial system, with Ripple CEO projecting stablecoin market caps to increase significantly in the next five years.
- Ripple's minting of RLUSD is strategic, aligning with regulatory advancements and strong XRP ecosystem performance.
- Around 79% of XRP holders are in profit, reflecting confidence in Ripple's network and growing adoption of RLUSD.
- Companies like Ripple, Gemini, and Kraken are reportedly preparing for crypto IPOs, driven by rising valuations and regulatory clarity.
- Ripple's move with RLUSD signals readiness for increased utility and demand amid legislative progress and investor interest in stablecoins.
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