RLUSD Minting Surges Past $100M as Ripple Ramps Up Payments Push
Ripple’s stablecoin RLUSD is gaining serious traction, with over $100 million minted in just the past few days—signaling rising interest as the asset integrates deeper into Ripple’s global payments ecosystem.
The surge includes two $50 million tranches issued on Tuesday and Wednesday, shortly after Ripple confirmed RLUSD’s rollout across its core payments network. Early adopters like BKK Forex and iSend are already transacting with the stablecoin, hinting at growing enterprise-level adoption.
The issuance comes at a time when the stablecoin market is ripe for disruption. While Tether (USDT) and USDC still dominate in volume, RLUSD’s tie-in with Ripple’s infrastructure and dual-chain presence on Ethereum and the XRP Ledger could make it an attractive alternative—especially for institutions.
RLUSD maintains a strict 1:1 peg to the U.S. dollar and is backed by a reserve of fiat, short-term Treasuries, and equivalents. New tokens are minted through verified partners, while redemptions “burn” the supply—ensuring price stability via classic arbitrage mechanisms.
Ripple has also built in advanced compliance features. The XRP Ledger now includes a “clawback” function, allowing issuers to retrieve RLUSD from user wallets under predefined regulatory or legal conditions—a feature that could appeal to financial institutions navigating complex compliance frameworks.
As RLUSD gains exposure, it may drive increased utility and demand across XRP-based DeFi platforms—adding a potential tailwind for XRP’s broader ecosystem.
