XRP News Today: Ripple Mints 10 Million RLUSD Stablecoins Amid GENIUS Act Progress

Ripple has recently minted an additional 10 million RLUSD stablecoins, adding to its existing supply. This move comes at a time when the U.S. Senate has passed the GENIUS Act, a significant piece of legislation aimed at providing a comprehensive regulatory framework for U.S. dollar-pegged stablecoins. The GENIUS Act seeks to establish clear rules for reserves, audits, and licensing, which could reduce regulatory uncertainty and facilitate the integration of stablecoins into mainstream finance.

The passage of the GENIUS Act has been met with enthusiasm by companies involved in the stablecoin ecosystem. Ripple's RLUSD, launched in December 2024, has already reached a supply of $400 million by June 2025. The stablecoin operates on both the XRP Ledger and Ethereum, providing flexibility and accessibility to users. The minting of an additional 10 million RLUSD stablecoins further solidifies Ripple's position in the stablecoin market and underscores the company's confidence in the regulatory environment created by the GENIUS Act.

Minting is the process of creating new tokens and adding them to the supply, similar to printing money but on the blockchain. It often signals rising demand. Ripple doesn’t mint RLUSD randomly; it often follows a “burn” period, where tokens are removed from circulation to control supply. This strategic move aligns with the regulatory developments in the U.S. The GENIUS Act's progress has been linked to the bottom line of companies involved in the stablecoin ecosystem. Ripple's decision to mint more RLUSD stablecoins indicates its readiness to capitalize on the regulatory clarity provided by the GENIUS Act. The stablecoin's operation on both the XRP Ledger and Ethereum further enhances its appeal to a broader range of users and institutions.

The GENIUS Act, if signed into law, would represent the first comprehensive federal framework for U.S. dollar-pegged stablecoins. By establishing clear rules for reserves, audits, and licensing, the bill could reduce regulatory uncertainty and make it easier for institutions to integrate stablecoins into mainstream finance. This regulatory clarity is expected to boost confidence in regulated digital assets, including Ripple's RLUSD.

The passage of the GENIUS Act is a significant milestone for the stablecoin industry. It provides a clear regulatory framework that could pave the way for wider adoption of stablecoins in mainstream finance. Ripple's minting of additional RLUSD stablecoins is a testament to the company's confidence in the regulatory environment and its commitment to providing a reliable and regulated stablecoin solution. As the GENIUS Act moves closer to becoming law, it is expected to have a positive impact on the stablecoin market, boosting confidence in regulated digital assets and facilitating their integration into mainstream finance.