Ripple minted 900,000 RLUSD on August 20 on the XRP Ledger, adding to a series of larger issuances: 20 million, twice 10 million, 12 million, and 32 million RLUSD over the past hours. The stablecoin also saw significant burns, with 15.4 million RLUSD burned at the treasury and 20 million burned on Ethereum. XRP gained 18.8% in 24 hours, rising from a low of $1.03 to a high of $1.24, before settling around $1.22. The token also posted a 21.2% gain over seven days and a 16.5% gain over 30 days. Recent activity suggests active supply management by Ripple, with both inflows and outflows rather than one-way expansion.
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