Ripple’s Stablecoin Edges Toward $500M Milestone After Latest Mint

Ripple has minted another 13 million RLUSD tokens, pushing its dollar-pegged stablecoin closer to the half-billion-dollar mark in circulating supply.

The transaction, confirmed via Etherscan, was directed to a known liquidity address, indicating likely deployment to trading platforms or decentralized finance (DeFi) applications.

According to the Ripple Stablecoin Tracker, the recent issuance brings RLUSD’s market cap to approximately $428.7 million. Analysts believe that if current demand persists, the $500 million threshold could be reached within weeks—a milestone that may attract attention from institutional players.

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RLUSD was launched by Ripple as a competitor to USDT and USDC, with use cases spanning payments, trading, and on-chain liquidity. The rapid growth in supply suggests the stablecoin is gaining traction, particularly within the DeFi ecosystem. On-chain data also reveals a healthy distribution of holdings, with no single wallet dominating the supply, a sign of increasing organic adoption.

Ripple’s accelerated minting activity—just days after issuing another 10 million RLUSD—aligns with broader speculation that regulatory clarity from the recently passed GENIUS Act is fueling interest in U.S.-based stablecoins. Reaching the $500 million mark could further position RLUSD as a serious contender in the stablecoin market and open doors for broader expansion into new platforms and jurisdictions.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.