Ripple issued 10 million RLUSD to support the progress of the stablecoin bill.

Gate News bot message, based on on-chain data from the Ripple stablecoin tracker, Ripple has minted 10 million RLUSD in the RLUSD treasury. This move comes at a time when legislative activities are underway regarding the U.S. GENIUS Act, and the regulatory momentum for stablecoins is increasing. Some observers believe that the GENIUS Act could reshape the digital finance landscape in the next two years.

The issuance of RLUSD comes at a time when the market’s interest in a broader stablecoin market is rekindled. Market analysts and financial data indicate that this may trigger higher demand for infrastructure and services related to stablecoins.

According to the latest data provided by Glassnode, 78.8% of Ripple (XRP) holders are in a profit state. In other words, nearly the same number of Ripple wallets currently hold tokens worth more than their purchase value.

The current price of XRP is slightly below 2.20, and the increase in the number of profitable wallets can be seen as a sign of enhanced investor confidence. As more and more people make profits, the activity on platforms based on the XRP ledger and those supporting RLUSD may continue to increase.

In recent weeks, the number of active addresses for XRP has also increased. It is often used as a metric to measure network activity and may indicate a continuous growth in market demand for Ripple’s products. Given that RLUSD is currently gaining recognition in the Ripple ecosystem, the market tends to believe that Ripple is formulating a strategy for increasing supply, indicating that its expected usage rate will further rise.