XRP News Today: Ripple Mints 10 Million RLUSD as US Regulatory Discussions Heat Up

Ripple has minted 10 million RLUSD, its stablecoin pegged to the U.S. dollar, as regulatory discussions around stablecoins gain traction in the U.S. This move comes as the Genius Act, a proposed bill, seeks to provide a regulatory framework for digital assets and stablecoins, potentially transforming digital finance in the coming years. The bill aims to ensure that stablecoin issuers maintain reserves in cash or highly liquid assets on a one-to-one basis, which could significantly boost the market capitalization of stablecoins, with estimates suggesting the sector could reach a value of $2–3 trillion over the next five years.

The minting of RLUSD by Ripple indicates a strategic response to the evolving regulatory environment and the increasing demand for stablecoin services. This move is likely to support higher transaction activity on the XRP Ledger, as on-chain metrics show that 78.8% of XRP holders are currently in profit. The rise in user engagement and active addresses on the network reflects sustained demand for Ripple's ecosystem, positioning RLUSD as a tool for future growth in payment and settlement use cases.

Institutional interest in the stablecoin sector is also on the rise. Circle, the issuer of USDC, has seen rapid valuation increases, approaching a $40 billion market cap. Ripple and other firms, including Kraken and Gemini, are reportedly preparing for public offerings as investor sentiment improves. The Genius Act and related regulatory clarity may open the door for more firms to scale operations, with infrastructure providers expected to expand services to meet growing demand for stablecoins.

Ripple's strategic move with RLUSD signals its readiness to serve a more regulated digital economy while leveraging new legislation to drive adoption. The growing interest in stablecoins is not limited to Ripple, as major retail giants such as Amazon and Walmart are reportedly exploring the launch of their own USD-pegged stablecoins. These companies are driven by the potential cost savings and operational efficiencies that stablecoins can offer, as well as the ability to enable faster, cheaper, and borderless transactions.

However, the success of corporate-issued stablecoins hinges on consumer adoption and regulatory clarity. The Genius Act, if passed, will provide a clear framework for stablecoin issuers, enabling them to proceed with their plans more confidently. Until then, companies may seek licenses in jurisdictions with more favorable regulatory environments. The evolving regulatory landscape will play a crucial role in shaping the future of stablecoins and their adoption by major corporations, potentially leading to a more stable and secure digital payment ecosystem.