Ripple Expands RLUSD Supply by 600,000 Tokens

user avatar

by Giorgi Kostiuk

2 years ago

Ripple continues to expand its stablecoin ecosystem by minting 600,000 new RLUSD tokens. This issuance increases the total circulation to $77.2 million with $83 million in reserves.

Ripple’s Growing Stablecoin Supply

The latest minting of RLUSD tokens highlights Ripple’s commitment to expanding its stablecoin ecosystem. As of now, RLUSD boasts a $77.2 million circulation with $83 million in reserve assets, providing robust over-collateralization. Ripple is expected to release a detailed attestation report later this month, providing a comprehensive breakdown of its reserve assets, in line with its earlier promise to share such details within 30 days of the stablecoin’s launch.

RLUSD’s Role in Ripple’s Ecosystem

Announced in April, RLUSD is designed to support the growth of the Ripple ecosystem and expand the utility of the XRP token. Ripple’s President, Monica Long, described RLUSD as a potential benchmark for stablecoins, emphasizing its regulatory compliance and innovative approach. However, RLUSD faces stiff competition from established players like Circle and Tether as it seeks to secure a strong foothold in the market.

The developments around RLUSD underscore Ripple’s strategic focus on creating a compliant and sustainable stablecoin solution. The upcoming attestation report and further exchange listings could solidify its position as a key player in the stablecoin sector.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Electrum Wallet Faces Security Threat from Fake Pending Payments

Electrum, one of Bitcoin's oldest software wallets, has published a security advisory detailing a vulnerability that has been exploited by attackers, allowing fake pending payments to be displayed in the wallet.

user avatarMaya Lundqvist

Upcoming Economic Announcements Expected to Influence Markets

Key economic announcements are scheduled for the upcoming week, which may impact financial markets.

user avatarLeo van der Veen

US Evacuates Personnel Amid Rising Tensions in the Middle East

The US is rapidly evacuating personnel from embassies and military bases in the Middle East due to increased threats from Iran.

user avatarLi Weicheng

Strategys Share Repurchases Reach $385.5 Million

Strategy has repurchased approximately $385.5 million of its preferred stock, focusing on STRC shares during the period from October 5 to 18, 2026.

user avatarTenzin Dorje

Shareholders to Vote on Daily Dividend Payments

Strategy is seeking shareholder approval to make dividend payments on its four preferred securities more frequent, proposing that every calendar day would become a record date.

user avatarBayarjavkhlan Ganbaatar

Strategys Common Shares Outperform Preferred Securities

Strategy's common shares returned 774 between June 26 and October 23, 2026, outperforming four of the company's preferred securities.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.