Ripple’s stablecoin division has minted an $ETH additional $40 million worth of RLUSD, released in two consecutive transactions of $20 million each, according to on-chain data. Both transactions originated from the RLUSD Treasury and were sent to a Gemini-linked wallet, one of the largest regulated crypto exchanges in the United States.#USNonFarmPayrollReport
Following these transfers, the Gemini-associated wallet now holds over 98.3 million RLUSD, drawing attention from the broader XRP community. At the time of writing, there has been no onward movement to exchanges or retail wallets.At this stage, it remains unclear whether the $BNB latest issuance is part of pre-deployment liquidity positioning ahead of a broader rollout or a routine treasury operation. However, with nearly $100 million RLUSD held in a single Gemini-linked wallet, market participants suggest the move
appears more strategic than experimental.$BTC
