Ripple Expands RLUSD Stablecoin with Additional Minting: What You Need to Know
Ripple, the prominent blockchain company based in San Francisco, has recently minted an additional 1 million RLUSD tokens, bringing the total supply to new heights. This update, tracked by @RL_Tracker, is just the latest in Ripple’s growing stablecoin ecosystem.
Ripple's Milestone: 1 Million RLUSD Tokens Minted
Earlier in February, Ripple minted 2 million RLUSD tokens on February 1, further boosting the supply of its dollar-pegged stablecoin. The stablecoin, RLUSD, surpassed a major milestone in January 2025, reaching a market capitalization of over $100 million. This latest minting underscores Ripple’s continued commitment to the growth and stability of its stablecoin offering.
Celebrating Growth: Ripple’s Vision for Stablecoins
Ripple CEO Brad Garlinghouse expressed his excitement about the achievement, marking it as a significant step in the company’s blockchain journey. Jack McDonald, Ripple’s Senior Vice President of Stablecoins, also noted the “amazing traction” stablecoins have gained in the market, reflecting a growing trend toward decentralized finance solutions.
RLUSD Stablecoin Reaches $110 Million Market Cap
As of now, RLUSD’s market capitalization stands at an impressive $110 million, according to data from CoinGecko. Ripple President Monica Long highlighted the importance of trust and compliance in the rapidly expanding stablecoin market. She explained that RLUSD represents a seamless bridge between traditional finance and blockchain technology.
RLUSD on Global Exchanges
RLUSD, Ripple’s dollar-pegged stablecoin, was first introduced to global exchanges on December 17, 2024, following approval from the New York Department of Financial Services (NYDFS). It has already been listed on major exchanges such as Bitstamp, and Ripple has plans for further listings as the stablecoin gains traction.
DeFi Integration and AMMClawback Amendment
One of the most exciting developments for RLUSD is its recent integration into decentralized finance (DeFi) pools. Thanks to the AMMClawback amendment on the XRP Ledger, RLUSD can now be used in DeFi pools with the added benefit of token recovery in case of misuse. The XRP/RLUSD pool currently holds $1.3 million in liquidity, showcasing the growing use of RLUSD in the DeFi space.
The Future of Stablecoins: Ripple's Strategic Approach
Ripple’s RLUSD is making a significant impact in the blockchain and cryptocurrency landscape. The company’s focus on regulatory compliance, trust, and innovative technology positions RLUSD as a promising player in the evolving stablecoin market.
With more exchanges listing RLUSD and its growing adoption in decentralized finance, Ripple’s dollar-pegged stablecoin is set to play a crucial role in the future of digital finance.
