Ripple's Comeback! RLUSD Increases by 12 Million Tokens, Betting on the 'GENIUS Bill' Igniting the Stablecoin Storm!
In June, Ripple resumed the minting of RLUSD, adding 12 million tokens to circulation, breaking the supply deadlock that had been in place since April. The current circulation has risen to 426 million tokens. In May, 4 million tokens were destroyed to stabilize the market, but now, despite the trend, the increase in issuance shows full confidence in the upcoming 'GENIUS Bill'.
The bill is set for a Senate vote on June 17, aiming to establish a federal regulatory framework for stablecoins. Ripple’s actions are seen as seizing the policy dividend, positioning itself for liquidity, and actively welcoming the regulatory era. RLUSD has landed on major platforms like Bitget, Gemini, and Revolut, enhancing trading convenience and promoting market expansion.
Supporters are optimistic that the bill will bring regulatory clarity, helping more institutions join the competition and challenging the duopoly of USDT and USDC, strengthening the global dominance of the dollar stablecoin. Senator Hagerty candidly stated that without regulation, we risk losing global innovation competitiveness.
However, opposing voices warn that this could undermine the decentralized nature of crypto, leading to regulatory favoritism and potential corruption risks.
If the bill successfully passes the Senate, it will then be submitted to the House for review, potentially becoming law and profoundly reshaping the stablecoin ecosystem. Ripple's increase in issuance is a strategic signal betting on policy dividends and the future of the industry, firmly positioning itself at the forefront, aiming for a new era of crypto!
