Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.

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

XRP open interest hit a peak of $1 billion on Sunday and decreased since then, down to $846 million on Wednesday. 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.