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⛓️ Crypto⚪ NeutralImportance 5/10
Ripple's 'Money Printer' Restarts: More RLUSD Stablecoins Minted After Massive Burn
🤖AI Summary
Ripple has resumed minting its RLUSD stablecoin after completing a significant token burn cycle over the previous weekend. This restart of the 'money printer' indicates continued development and management of Ripple's dollar-backed stablecoin operations.
Key Takeaways
- →Ripple has restarted minting RLUSD stablecoins following a large burn of excess tokens.
- →The burn cycle was completed over the previous weekend before minting resumed.
- →This demonstrates active supply management of Ripple's dollar-backed stablecoin.
- →The restart suggests continued operational development of RLUSD infrastructure.
Read Original →via U.Today
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