Ripple Issues 12 Million RLUSD Tokens Amid 2000% Stablecoin Market Growth

Ripple has issued 12 million RLUSD tokens, marking a significant step in its strategy to become a leading player in the stablecoin market. This move is part of Ripple's broader plan to expand its offerings and attract more users to its platform. The transaction, recorded on the Ethereum blockchain, underscores Ripple's ambition to gain traction in a market that has seen substantial growth, with a total supply exceeding $252 billion—up 20 times since 2019.

This issuance coincides with a broader upswing in stablecoin activity, with weekly inflows exceeding $740 million. While Tether continues to dominate with over 60% market share, the competition is intensifying not just in volume but also in revenue. Tether, backed by U.S. Treasuries, has generated $593 million in the past 30 days, while Circle’s USDC brought in $191 million. This highlights the lucrative business model behind asset-backed digital dollars.

Decentralized protocols are also making significant strides. Platforms like Hyperliquid and PancakeSwap are earning tens of millions in swap fees, while dozens of smaller players are posting seven-figure returns. Altogether, 55 DeFi protocols crossed $1 million in revenue last month, reflecting a maturing ecosystem that’s increasingly built on real economic flows rather than speculation.

Ripple’s RLUSD is entering the market at a time when stablecoins are evolving from simple payment tools into revenue-generating engines. If Ripple can replicate the yield strategies that have propelled rivals, RLUSD could emerge as a viable contender in the race for stablecoin dominance. With new regulations, including the recently enacted Genius Act, adding much-needed clarity, the stablecoin economy is shifting. It’s no longer just about utility—it’s about profitability, and the competition for market share is accelerating.