Ripple's stablecoin grew +$150M in the space of five minutes.
Between 9:00am and 9:05am UTC on November 2, the market cap of
@Ripple's $RLUSD stablecoin jumped from a market cap of $2.411B to as much as $2.561B.
The sudden jump is the result of Ripple's own issuance and minting process, which sees large sums of RLUSD burned or minted in one hit.
The asset is still below its all-time high of around $2.632B.
Data: CoinMarketCap.