Ripple has taken another significant step in the stablecoin race by minting 13 million new RLUSD tokens, pushing its dollar-pegged asset closer to the $500 million mark in circulating supply. This latest issuance, confirmed via Etherscan, was directed to a known liquidity address, suggesting the tokens are being deployed to trading platforms and DeFi applications .
RLUSD’s Rapid Growth and Market Impact
Since its launch, RLUSD has been positioned as a direct competitor to established stablecoins like USDT and USDC. The recent mint brings the total RLUSD minted in June to 42 million, all issued on the Ethereum blockchain rather than Ripple’s own XRP Ledger . This choice highlights Ripple’s strategy to tap into Ethereum’s vast DeFi ecosystem and user base.
The current market capitalization of RLUSD now stands at approximately $428,7 million, according to the Ripple Stablecoin Tracker . If the current pace of demand continues, analysts expect RLUSD could surpass the $500 million milestone within weeks—a level that could attract increased attention from institutional investors and further legitimize RLUSD as a major player in the stablecoin sector .
Regulatory Tailwinds and Ecosystem Expansion
Ripple’s aggressive minting activity comes amid growing regulatory clarity in the U.S., particularly following the passage of the GENIUS Act, which is expected to provide a clearer framework for stablecoin operations . This regulatory momentum is believed to be fueling renewed interest in U.S.-based stablecoins, with RLUSD benefiting from the trend.
In addition to regulatory advances, Ripple has been expanding RLUSD’s reach through strategic partnerships. The company recently teamed up with AlchemyPay to enable hundreds of fiat payment methods—including Visa and Apple Pay—for RLUSD, making it more accessible for everyday transactions . RLUSD has also gained regulatory approval in Dubai, further broadening its global footprint .
Healthy Distribution and DeFi Integration
On-chain data shows that RLUSD’s supply is well-distributed, with no single wallet holding a dominant share. This pattern suggests organic adoption and reduces the risk of market manipulation . RLUSD is increasingly being used for payments, trading, and on-chain liquidity, and its integration with DeFi protocols is accelerating its adoption.
Ondo Finance’s recent launch of U.S. Treasuries on the XRP Ledger, with RLUSD as a key component, is another example of how the stablecoin is being woven into broader financial products .
What’s Next for RLUSD?
With the $500 million milestone in sight, Ripple’s RLUSD is poised to strengthen its position in the stablecoin market. Continued regulatory clarity, ecosystem partnerships, and growing DeFi integration could help RLUSD become a preferred choice for both retail and institutional users seeking a stable, efficient digital dollar.
