Boom

Stablecoin

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<p>Ripple has minted an additional 10 million RLUSD on the XRP Ledger, continuing a pattern of steady supply expansion for its regulated dollar-backed stablecoin. XRPScan data confirms the transaction was processed on August 17, carrying a fee of just 0.000405 XRP. According to CoinGecko, total RLUSD supply now stands at approximately 1.71 billion tokens.</p>
<h2 id="steady-minting-institutional-focus">Steady Minting, Institutional Focus</h2>
<p>The latest issuance reflects Ripple's ongoing approach to supply management. <cite>The $10 million mint represents incremental supply management rather than a push toward mass-market distribution, consistent with Ripple's messaging that RLUSD is a tool for commercial clients, not a speculative vehicle for retail traders.</cite><cite>RLUSD is issued under the supervision of the New York Department of Financial Services (NYDFS) and is distributed primarily through Ripple Mint, an enterprise-grade platform designed for institutions to mint, manage, and redeem the stablecoin, with its primary focus on cross-border corporate payments and settlement flows.</cite></p>
<p><cite>Minting transactions on the XRP Ledger typically use a multisignature setup to approve new tokens, a process common among stablecoin issuers handling large issuances.</cite><cite>Ripple has not specified the purpose of each individual batch, though stablecoin issuers typically mint new tokens to meet demand from traders, support exchange liquidity, or facilitate institutional settlements.</cite></p>
<h2 id="a-stablecoin-on-a-strong-growth-trajectory">A Stablecoin on a Strong Growth Trajectory</h2>
<p><cite>RLUSD's market cap has grown from $132 million a year ago to over $1.6 billion, with roughly $370 million added to its circulating supply in April 2026 alone.</cite><cite>Token Terminal data shows RLUSD transfer volume hit $18.4 billion in Q1 2026, the highest quarter on record.</cite><cite>In July, the token passed 50% of the total stablecoin supply on XRPL, making it the largest stablecoin by supply on the network.</cite></p>
<p><cite>The RLUSD/XRP trading pair has processed roughly $900 million in trading volume over the past six months, accounting for nearly 90% of all RLUSD trading on the XRP Ledger.</cite><cite>More than $2.5 billion has been traded through RLUSD pairs on the XRP Ledger since the stablecoin launched in early 2025.</cite> The August 17 mint adds to a supply that has grown sharply from around $20 million at the end of 2024, <cite>reaching approximately $800 million on XRPL alone by late June 2026.</cite></p>
<p><b>Sources:</b><br><a href="https://blockonomi.com/ripple-mints-811026-rlusd-as-xrpl-stablecoin-supply-grows/" rel="noopener noreferrer nofollow">Blockonomi: Ripple Mints RLUSD as XRPL Stablecoin Supply Grows</a><br><a href="https://news.bitcoin.com/xrp-gains-from-rlusd-growth-as-900m-trading-boom-deepens-liquidity-evernorth-says/" rel="noopener noreferrer nofollow">Bitcoin.com News: XRP Gains From RLUSD Growth as $900M Trading Boom Deepens Liquidity</a><br><a href="https://ripple.com/insights/ripple-mint/" rel="noopener noreferrer nofollow">Ripple: Meet Ripple Mint</a></p>

Ripple Adds 10M RLUSD as Stablecoin Expansion Continues

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