XRP News Today: Ripple Mints 13 Million RLUSD Tokens Boosting Market Cap 428.7 Million

Ripple has recently minted 13 million RLUSD, a stablecoin pegged 1:1 to the U.S. dollar, as part of its strategy to compete with established stablecoins like USDT and USDC. This move comes just two days after the company minted 10 million RLUSD tokens, bringing the total market cap of RLUSD to approximately $428.7 million. The minting of RLUSD is a significant step in Ripple's broader strategy to expand its stablecoin offerings and compete in the growing stablecoin market.

The RLUSD stablecoin is designed to operate on the XRP Ledger (XRPL), providing a regulated and compliant stablecoin solution. This aligns with Ripple's long-term ambition to offer stablecoin services that combine liquidity, compliance, and interoperability. The recent minting of 13 million RLUSD tokens reinforces speculation that Ripple may soon expand issuance beyond pilot stages, positioning RLUSD as a core building block of its financial infrastructure.

The decision to mint more RLUSD during this environment is not coincidental. The rising profitability of XRP holders suggests that liquidity on the XRPL is growing. More active users typically mean more opportunities for RLUSD to be used in decentralized finance (DeFi), payments, or on-chain finance applications. This move is part of a broader play to scale RLUSD supply in anticipation of rising demand, as Ripple aims to provide regulated stablecoin services that combine liquidity, compliance, and interoperability.

Ripple's compliance-first philosophy is a defining feature of its stablecoin strategy. Despite concerns about reserves and issuer transparency in the stablecoin sector, RLUSD is anticipated to have public attestation, institutional-grade custody, and full regulatory concordance. This, coupled with the utility-like quality of RLUSD, makes it a logical choice for enterprise adoption, particularly with financial institutions that rely on U.S. dollar exposure but also seek compliance-grade infrastructure.

The global stablecoin market is showing strong signs of growth, with Circle’s USDC nearing a $40 billion market cap and Tether’s USDT surpassing $112 billion. Ripple's RLUSD is entering a space that’s already in hyper-growth mode, and its compliance-first approach positions it well to compete with established stablecoins. Ripple's previous collaborations with central banks, payment networks, and fintech companies further enhance the credibility and infrastructure of RLUSD, making it a likely candidate for those looking for a stablecoin linked to credibility and compliance.

Ripple's move to mint more RLUSD tokens is part of a larger trend in the crypto industry, where companies are increasingly becoming financial institutions. The issuance and permission to operate could help speed Ripple to an IPO, as the company was previously valued at more than $15 billion on the private markets. The marriage of both the crypto infrastructure through the XRPL and the payment rails through RippleNet makes Ripple a key player in the growing trend of crypto companies becoming financial institutions.

According to market observers, RLUSD may soon break the half a billion dollar mark within a matter of weeks at the current rate. The achievement of such a level might indicate the increase of trust and potential interest of institutional players. The on-chain data shows that the RLUSD is distributed well among wallets with no single wallet having an excessive proportion. This proves the fact that RLUSD is gaining momentum in different DeFi platforms and exchanges. The wallet receiving the 13 million tokens has previously handled similar-sized transactions, suggesting the funds may be heading to centralized exchanges or major DeFi protocols.

Since stablecoins are increasingly becoming a part of the crypto economy, the swift growth of RLUSD by Ripple is an indication of intent. A market cap of 500 million dollars will not be a figure anymore, but it may be the time when RLUSD will be a real contender in the stablecoin world.