Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Ripple mints 811,026 RLUSD, supply becomes largest stablecoin on XRP Ledger

Ripple mints 811,026 RLUSD, supply becomes largest stablecoin on XRP Ledger

CointurkCointurk2026/08/06 23:33
By:Cointurk

Ripple has minted 811,026 RLUSD, a US dollar-backed stablecoin, on the XRP Ledger. This latest issuance increased RLUSD’s total circulating supply, making it the largest stablecoin by volume on the network. XRPScan data confirmed the minting under ledger 106,109,031, which was finalized at 7:37 IST on August 6.

PAY
USDT
RECEIVE
AAPL

Details of the RLUSD Issuance

The RLUSD tokens were issued from Ripple’s dedicated stablecoin account on the XRP Ledger and delivered to a designated destination wallet. The process employed a three-signer multisignature setup to enhance transaction security, a common practice for institutional-grade cryptocurrency operations. The minting fee amounted to 0.000405 XRP, and the full amount reached its intended account without deductions.

Ripple has not disclosed the specific reason for this new RLUSD issuance. Stablecoin providers typically mint additional tokens to meet exchange liquidity demands, support treasury operations, or satisfy user issuance requests. These actions generally aim to maintain stability and accommodate an expanding user base.

Fresh RLUSD mint just hit the XRPL. 811,026 RLUSD minted straight from the issuer wallet with multi-sig security. Liquidity keeps flowing in on-chain.

The RLUSD stablecoin has rapidly expanded its presence on the XRP Ledger over recent months. In July, RLUSD accounted for more than half of the network’s total stablecoin supply, outpacing other dollar-pegged cryptocurrencies built on XRPL.

Rising Trading Activity and Market Share

The increased minting has paralleled a significant uptick in trading activity. Since launch, RLUSD has accumulated over $2.5 billion in trading volume, moving it ahead of competing stablecoins within the XRP Ledger ecosystem.

Ripple is a US-based blockchain technology company known for creating solutions in cross-border payments and digital asset management. The company’s RLUSD stablecoin aims to provide a secure, on-chain US dollar equivalent for fast and efficient transactions on XRPL.

Mini dictionary: Multisignature (multi-sig) – A security system requiring multiple private keys to authorize a single cryptocurrency transaction, offering enhanced protection against unauthorized transfers and single points of failure.

Stablecoin Latest Supply Minted Total Market Share (July) Cumulative Trading Volume
RLUSD 811,026 >50% $2.5 billion+
Other XRPL Stablecoins Not reported <50% Not reported

Industry analysts have noted that increased supply does not automatically guarantee adoption for a stablecoin. Success in the marketplace often depends on liquidity, exchange support, regulatory status, and practical use cases among users. RLUSD’s momentum on XRP Ledger demonstrates the importance of community and user backing.

Expectations for RLUSD’s Future Growth

The broader market context shows that dollar-backed stablecoins like USDT and USDC are popular across multiple blockchain networks. These assets are commonly used for trading liquidity, digital remittances, and decentralized finance applications.

RLUSD’s recent growth on XRPL highlights shifting trends in on-chain stablecoin competition. The minting of 811,026 RLUSD supports continued expansion of Ripple’s dollar-backed asset within the network.

Stablecoins compete on liquidity, exchange access, regulatory clarity, and utility. With RLUSD reaching the largest supply in XRPL’s market, its next phase will be shaped by exchange adoption and user demand.

Future adoption will depend on further integrations by applications, exchanges, and users, as well as the ongoing evolution of the XRP Ledger’s stablecoin ecosystem.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Up to $100 billion! Broadcom (AVGO.US) plans massive AI chip financing to compete for Nvidia’s (NVDA.US) dominant market

Broadcom is in talks with multiple lending institutions regarding a large-scale AI chip financing plan, aiming to raise over $60 billion in debt to support the acquisition of chips and data center infrastructure for AI companies such as Anthropic.

智通财经2026/08/20 22:41
Up to $100 billion! Broadcom (AVGO.US) plans massive AI chip financing to compete for Nvidia’s (NVDA.US) dominant market

Wash makes Jackson Hole debut on August 28, Wall Street eagerly awaits Fed's anti-inflation roadmap

The market is highly focused on Waller's speech at Jackson Hole. Currently, inflation has exceeded the 2% target for five consecutive years, and Waller's consistently reticent style since taking office has led the market to question the Federal Reserve's credibility. Professionals point out that if Waller's speech remains vague and does not provide a concrete path to controlling inflation, the market will be greatly disappointed.

华尔街见闻2026/08/20 22:41