The trading volume of the stablecoin #RLUSD from Ripple increased by 30% ahead of a key Senate vote on stablecoins, Ripple issued 12 million RLUSD coins. This occurred prior to the vote on the "GENIUS" bill, which could provide legal clarity for $RLUSD.

After the resumption of issuance, the Trading Volume of RLUSD increased by 30%, reaching 179 million USD. The company Ripple, known for its fast and cheap transactions, has just released 12 million coins of RLUSD after more than a month of silence.

Does this mean that Ripple is plotting something grand? Why is Ripple releasing 12 million coins now? According to the stablecoin tracker Ripple, the company has issued 12 million new RLUSD coins in the last 24 hours. This sudden issuance occurred after Ripple halted the release of RLUSD for about a month.

This step was seen as a measure to stabilize the market, giving RLUSD time to gradually adapt to its role as a reliable digital dollar.

What is RLUSD?
For those who are not familiar with $RLUSD, it is Ripple's own stable coin designed to maintain a constant value in USD. It is intended to help people send money faster, make transactions easier, and not worry about price fluctuations when using coins. Most RLUSD coins are on the Ethereum blockchain, but some are also on Ripple's XRP ledger. The Trading Volume of RLUSD has increased by 30%. The return of RLUSD issuance has boosted the Trading Volume by 30%, reaching $179 million per day. Currently, the total volume of RLUSD is about 405 million coins. Approximately 70% of them are on Ethereum, while the rest are on the Ripple chain. If the 'GENIUS' bill is passed, it will be a turning point in the regulation of coins in the US, and Ripple is preparing for this moment.