Ripple Mints 20M RLUSD as Stablecoin Supply Climbs to 1.53 Billion

TLDR 

• Ripple Expands RLUSD Supply to $1.53B After 20M Token Mint

• RLUSD Supply Surges as Ripple Adds 20M Tokens Amid Volume Growth

• Ripple Boosts RLUSD Circulation to $1.53B as Stablecoin Demand Climbs

Ripple expanded RLUSD supply by 20 million tokens on February 19, pushing total circulation to 1.53 billion. The Ethereum-based transaction finalized within seconds and reflected steady demand for RLUSD across trading venues. Market data shows RLUSD maintains its dollar peg while daily volume remains above $100 million.

RLUSD Supply Expansion Reflects Growing Network Activity

Ripple processed the mint through a wallet identified as “Ripple: Deployer” on Ethereum. The transaction confirmed quickly, and the blockchain recorded the updated RLUSD supply at 1.53 billion tokens. This expansion follows earlier supply increases tied to liquidity needs and treasury management.

RLUSD launched in 2024 as Ripple entered the regulated dollar stablecoin market. The company structured RLUSD to support exchanges, payment firms, and institutional settlement flows. It backed RLUSD with fiat reserves and aligned issuance with compliance standards across jurisdictions.

Source: X

Ethereum hosts more than $1.2 billion of RLUSD in circulation. Meanwhile, the XRP Ledger also supports RLUSD for settlement and decentralized finance use cases. As a result, RLUSD operates across multiple networks and supports cross-chain liquidity.

Market Data Signals Active Trading and Institutional Use

Trading data shows RLUSD holds near its one-dollar peg across exchanges. Daily volume continues above $100 million, indicating consistent transactional use. This activity suggests RLUSD functions beyond passive treasury storage.

On-chain analytics firms reported rising RLUSD balances across exchange wallets and DeFi platforms. BankXRP data placed RLUSD among the top 50 digital assets by activity metrics. Consequently, the data points to broader institutional and retail participation.

Large transfers moved through treasury-linked addresses during recent weeks. These flows indicate liquidity provisioning and settlement requests from market participants. Therefore, RLUSD supports payment channels and structured financial operations.

Stablecoin Competition Intensifies Across Global Markets

The stablecoin sector continues to expand as issuers compete for institutional partnerships. USDT and USDC maintain a combined supply exceeding $257 billion. However, newer assets like RLUSD seek market share through regulated frameworks.

Ripple integrates RLUSD within a broader strategy focused on tokenized assets and custody services. The company supports real-world asset tokenization and cross-border settlement systems. Additionally, developers build yield products around RLUSD on the XRP Ledger.

European institutions also advance blockchain-based settlement models. SG-FORGE launched its EUR CoinVertible stablecoin on the XRP Ledger. This integration strengthens Ripple’s infrastructure network and supports regulated digital asset adoption.

Ripple positions RLUSD for remittances, treasury management, and enterprise payments. The company continues partnerships with custody providers and liquidity venues. As demand grows, RLUSD remains central to Ripple’s expanding digital asset framework.