Ripple’s USD-backed stablecoin, RLUSD, has seen a sudden pause in its minting activity. According to data released by the Ripple Stablecoin Tracker, the last batch of the stablecoin was minted on April 25, followed by an unexpected silence for almost a week.
Why Ripple Pauses RLUSD Minting?
Significantly, Ripple appears to have temporarily halted RLUSD stablecoin minting, with no new coins created over the past week. As per the Stablecoin Tracker data, the crypto firm last minted the stablecoin on April 25 in three batches: two with 11,500,000 tokens each and one with 15,000,000 tokens.
Following the activity, the platform paused its RLUSD minting, with the Stablecoin Tracker remaining silent with no data. This indicates that the crypto platform has minted zero stablecoin over the past week while RLUSD surpassed $300 million.
Ripple’s recent pause in RLUSD minting isn’t unprecedented, as the company has taken regular breaks over the past two months, gradually injecting new coins into circulation. This measured approach has seen RLUSD’s market capitalization grow to $316.88 million, ranking 217th.
Since its launch, RLUSD has been exhibiting notable growth with its unique utilities. Initially, the stablecoin was designed as a “golden standard” for enterprise use, targeting businesses as its primary users. However, the platform later decided to expand its use cases. Recently, Ripple integrated the stablecoin into Ripple Payment, unveiling a new utility push.
Moreover, RLUSD’s usage has diversified, serving as collateral on DeFi platforms and centralized finance applications, and facilitating donations for nonprofit organizations. It’s also listed on major crypto exchanges such as Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash, enabling trading and purchasing.
The Frankfurt am Main Public Prosecutor’s Office, in collaboration with the Central Office for the Combat of Internet Crime (ZIT) and the Federal Criminal Police Office (BKA), has shut down Germany-based cryptocurrency exchange eXch.
On April 30, law enforcement seized the exchange’s server infrastructure and approximately €34 million ($38.5 million) in crypto assets.
German Authorities Shut Down eXch
In a press release issued on May 9, the authorities revealed that the seized crypto assets included Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dash (DASH). They also confiscated over eight terabytes of data.
“Once again, we have been able to seize millions of euros’ worth of illicit cryptocurrencies and shut down a digital money-laundering platform. The scale of these operations clearly shows that cybercrimes are being committed on an industrial level,” Carsten Meywirth, Head of the Cybercrime Department of the German Federal Criminal Police Office, said.
The press release emphasized that the platform was advertised on criminal forums. It openly stated that it did not implement anti-money laundering measures. Users remained anonymous, with no identity verification and no data storage, making eXch ideal for hiding financial transactions.
According to German authorities, eXch facilitated around $1.9 billion in cryptocurrency transfers since its launch. They suspect that the exchange received Bitcoin of criminal origin.
Moreover, it was allegedly laundering a significant portion of the $1.5 billion stolen from the hacked cryptocurrency exchange Bybit in February. The Bybit hack, attributed to North Korea’s Lazarus Group, is one of the largest cryptocurrency thefts in history. Hackers siphoned off over 400,000 ETH from the exchange’s cold wallet.
“eXch was used to launder hundreds of millions from the Bybit hack, Multisig hack, FixedFloat exploit, $243 million Genesis Creditor theft, and countless phishing drainer services over the past few years with refusal to block addresses and freeze orders,” blockchain investigator, ZachXBT, wrote on Telegram.
Amid the allegations surrounding Bybit’s funds, eXch announced its voluntary closure effective May 1. The exchange cited a hostile environment and the pressure from the ongoing transatlantic operation, which involved allegations of money laundering and terrorism, as key reasons for their decision to shut down.
“The goals we certainly never had in mind were to enable illicit activities such as money laundering or terrorism, as we are being accused of now. We also have absolutely no motivation to operate a project where we are viewed as criminals. This doesn’t make any sense to us,” the April 17 announcement read.
However, just one day before eXch’s closure, German authorities acted and seized it. They stated that they managed to secure numerous pieces of evidence and traces. For now, the Frankfurt Prosecutor’s Office has not released additional details on potential charges or arrests related to the operation.
Dogecoin has shown a 9.74% daily growth to reach $0.2021 in trading value and experts predict it will skyrocket to $4 which represents a massive 1879% increase. Rexas Finance (RXS) emerges as a competitor token which experts predict will experience an astonishing 14,560% increase. The real-world assets (RWA) focus of RXS positions it as an innovative force in the multi-trillion-dollar asset market by providing stability together with enhanced liquidity.
RXS Presale 91.69% Complete – Buy Now Before It’s Gone Forever!
Rexas Finance (RXS) transforms the cryptocurrency market by creating a new method to tokenize physical assets (RWA). RXS functions differently from speculative tokens because it connects physical assets to blockchain technology which allows users to divide ownership of sought-after commodities including real estate and gold. The innovative model connects investors to a huge market worth trillions of dollars by enabling them to access both liquidity and investment possibilities.
Stage 12 of RXS presale has begun and 1 RXS token now costs $0.200. The current stage of the presale has achieved 91.69% completion while raising $47,687,290 from its $56,000,000 target by selling 458,434,161 tokens from the total 500,000,000 available. The exceptional speed of investor interest demonstrates that RXS has gained strong backing for its ability to transform asset management practices.
RXS: Certik-Audited & Built for Real Value – Not Just Hype!
Rexas Finance has implemented multiple measures to build trust in the crypto market space. A Certik security audit has thoroughly evaluated the token to guarantee its safety and reliability for investors. RXS maintains its presence on CoinMarketCap and CoinGecko platforms which increases exposure to retail and institutional investors seeking access to the token.
The implemented security measures have strengthened investor trust that RXS functions as both a secure and utility-based token. RXS stands apart from Dogecoin because it provides real-world asset integration which delivers actual value instead of relying on social media popularity and celebrity promotions.
RXS Exchange Listing on June 19 – Next Stop: Massive Growth?
RXS demonstrates increasing investor demand based on its successful presale phase. Stage 12 contributed $48 million to RXS token sales and resulted in over 458 million tokens sold which will lead to a listing price of $0.25 on June 19th, 2025.
The upcoming exchange listing represents a critical phase for RXS because it moves the project from presale status to full trading availability on major platforms. The upcoming listing has generated market-wide excitement because investors believe RXS will achieve strong future performance. Market analysts believe RWAs-focused tokenization will cause the token price to increase strongly after its exchange listing.
Real-World Applications: A Game-Changer for Crypto
Rexas Finance demonstrates its value through its ability to tokenize real estate and gold among other RWAs. The implementation of blockchain technology through RXS enables users worldwide to manage their assets while cutting out brokers and banks to achieve reduced costs and simplified management.
The new approach makes investment opportunities that were once unreachable available to everyone. Users benefit from Rexas Token Builder and Rexas Launchpad to tokenize their assets and safely conduct token sales across various blockchain networks. The combination of features establishes RXS as an industry leader that connects traditional asset markets to digital economic opportunities.
Conclusion
Dogecoin attracts meme coin enthusiasts with its potential 1879% rise to $4 but Rexas Finance (RXS) provides much more promising prospects with an anticipated 14,560% increase. The RWA approach of RXS creates financial stability and enables investors to access investment potential in trillion-dollar markets.
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Dogecoin has shown a 9.74% daily growth to reach $0.2021 in trading value and experts predict it will skyrocket to $4 which represents a massive 1879% increase. Rexas Finance (RXS) emerges as a competitor token which experts predict will experience an astonishing 14,560% increase. The real-world assets (RWA) focus of RXS positions it as an …
