Ripple Labs has continued to mint and burn its RLUSD stablecoin as it advances its beta testing hinting launch is soon.

Open interest in XRP has surged past $1 billion amid growing enthusiasm for Ripple's forthcoming RLUSD stablecoin, currently in private beta

Open interest in %Cryptocurrency XRP (CRYPTO: $XRP ) has surpassed $1 billion U.S. as Ripple Labs tests a new %Stablecoin (RLUSD). Open Interest refers to the number of outstanding derivative contracts not settled for an asset such as XRP.

Ripple Labs tests its stablecoin RLUSD, minting large volumes of the asset and fueling interest among market participants. XRP steadies around support at $0.6000 and trades positive on the day. Ripple (XRP) has generated interest among derivatives traders as the payment remittance firm tests its stablecoin Ripple USD (RUSD).