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

TL;DR

• Ripple minted 20M RLUSD, raising total supply to 1.53B tokens.

• RLUSD daily trading volume stays above $100M across exchanges.

• RLUSD adoption grows across Ethereum, XRPL and DeFi platforms.

• On-chain activity suggests rising demand from institutional users.

Ripple has added 20 million RLUSD tokens to circulating supply, according to data from Ripple’s stablecoin tracker. The mint was carried out by a wallet labeled “Ripple: Deployer” and processed through an Ethereum transaction on Feb. 19. The new tokens were finalized within seconds, and RLUSD’s total supply now stands at 1.53 billion.

The expansion comes as competition grows among regulated dollar stablecoins. RLUSD, launched in 2024, aims to serve exchanges, developers and institutions requiring compliant and transparent digital dollars. Ripple said previous expansions of RLUSD supply were driven by market demand, treasury rebalancing or liquidity needs for on-chain platforms.

Market data shows RLUSD is trading near its $1 peg with daily volume above $100 million. The volume suggests active use rather than idle treasury holdings. RLUSD sits mid-range among dollar stablecoins by market capitalization.

Stablecoin Expansion Supports Ripple’s Broader Ecosystem Strategy

Ripple has positioned RLUSD as part of a larger plan for real-world asset tokenization, custody products and cross-border settlement. The company continues to expand its work across Ethereum and the XRP Ledger as institutions explore new digital payment channels.

RLUSD supply has grown rapidly over the past year, with Ethereum’s circulating amount exceeding $1.2 billion. This growth has been supported by deeper exchange integration, including onboarding by major trading venues. Ripple’s stablecoin model uses fiat reserves and seeks to support regulated use across jurisdictions.

Ripple is also preparing for more XRPL-based stablecoin products, as RWA protocols begin building new yield systems around RLUSD. Projects such as Soil have announced yield products for RLUSD on the XRP Ledger, adding new use cases within the expanding DeFi ecosystem.

Market Activity Shows Rising Use and Broader Institutional Demand

On-chain analytics firms have reported rising RLUSD across exchanges, DeFi protocols and XRPL-based payment channels. BankXRP said RLUSD recently entered the top 50 assets by market activity. The expansion reflects both institutional use and steady retail interest.

The regulated nature of RLUSD appeals to firms seeking compliant digital dollar products. Ripple said the token supports low-cost settlement and predictable transaction behavior. Large value flows across its treasury addresses indicate ongoing requests from liquidity providers.

Ripple’s goal is to position RLUSD as a stablecoin suited for cross-border finance, remittances and institutional settlement. The company continues to work with custody partners and infrastructure providers to broaden its stablecoin footprint.

Stablecoin Race Expands as New Players Enter the Market

The stablecoin sector remains competitive, with major issuers pursuing institutional partnerships. USDT and USDC dominate with more than $257 billion combined supply, yet new entrants such as RLUSD and bank-issued assets continue gaining market share.

European banks have also expanded their stablecoin strategies. SG-FORGE recently launched its EUR CoinVertible stablecoin on the XRP Ledger. Ripple said such integrations support the adoption of public blockchain settlement systems.

RLUSD’s latest mint strengthens Ripple’s position as the company expands its regulated asset infrastructure across multiple networks.

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