Ripple Labs Expands RLUSD Supply with Fresh Minting Amid Growing Market Influence

Ripple Labs expands RLUSD supply with fresh minting, increasing liquidity and boosting adoption in the stablecoin market.

Fridah Kangai
February 28, 2025
7:14 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Ripple Labs resumes RLUSD minting, boosting supply and solidifying its position in the growing stablecoin market.
RLUSD trading volume surges 11% in 24 hours, surpassing key competitors like Ethena USDe and Circle’s EURC.
Ripple’s stablecoin RLUSD strengthens AMM liquidity on XRP Ledger, enhancing decentralized trading efficiency.

Ripple Labs has resumed minting its dollar-pegged stablecoin, RLUSD, after a brief pause. According to data from the Ripple Stablecoin Tracker, 3,100,000 RLUSD were recently added to circulation through the XRP Ledger.

💵💵💵💵💵💵💵💵💵 3,100,000 #RLUSD minted at RLUSD Treasury.https://t.co/8GPuvU7c9s
— Ripple Stablecoin Tracker (@RL_Tracker) February 27, 2025

This marks the first new issuance in 17 days, following a previous minting of 625,000 RLUSD on February 10. The recent activity brings RLUSD’s total circulating supply to approximately 56 million, reinforcing its presence in the growing stablecoin sector.

RLUSD Gains Market Traction with Increased Trading Volume

RLUSD has also remained actively trading in the market, as shown by increased trading volume in the new market. The stablecoin also increased by 11 percent in trading volume, which stood at $ 157.39 million within one day.

This performance places RLUSD ahead of key competitors, including Ethena USDe and Circle’s EURC, which recorded trading volumes of $118 million and $24.4 million, respectively. The rise in RLUSD activity indicates heightened adoption and liquidity within the ecosystem.

Ripple Labs has been actively working to expand RLUSD’s utility through strategic partnerships. Earlier this month, the stablecoin secured Revolut and Zero Hash listings, enhancing accessibility across multiple regions. These integrations aim to strengthen RLUSD’s use case and broaden its reach among users.

RLUSD’s Role in AMM Liquidity on the XRP Ledger

The stablecoin enhances liquidity in the Automated Market Maker (AMM) within the XRP ledger. In July 2020, RLUSD made a crucial alteration to the AMM on the network’s mainnet, enhancing its liquidity role.

With the amendment in effect, RLUSD is expected to drive increased liquidity and efficiency in decentralized trading. The stablecoin’s expanding role highlights Ripple Labs’ broader commitment to strengthening its ecosystem and positioning RLUSD as a key player in the stablecoin market.

As Ripple Labs determinedly pushes for more widespread adoption of the digital currency, RLUSD is steadily becoming a force to reckon with within the digital payments industry. As more and more investors and markets get involved, RLUSD holds its ground as one of the many players in the stablecoin space.

Also Read: Ripple Expands Institutional Crypto Custody in South Korea Through BDACS Partnership