The supply of RLUSD exceeds 300 million USD as Ripple secures the support of UAE.

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Ripple's RLUSD stablecoin increased its circulating supply by 29% in the week ending June 8, reaching $320.6 million. This is the first time the token supply has exceeded $300 million, six times compared to its launch in December 2024. Data from Artemis shows that this issuance coincides with a 38% increase in weekly transfer volume, reaching $648.1 million.

Although RLUSD accounts for only about 0.1% of the $236 billion stablecoin market, it has received approval from the Dubai Financial Services Authority for use in the Dubai International Financial Centre. Ripple intends to integrate RLUSD into its licensed payment platform, allowing 7,000 local companies to conduct transactions. This approval also helps RLUSD gain international regulatory recognition.

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