Ripple has announced the issuance of 10 million RLUSD, coinciding with increased interest in stablecoins amid discussions around the Genius Act in the U.S. Senate.
Genius Act: A New Perspective on Digital Finance
The Genius Act has gained political support, contributing to a rise in the stablecoin market capitalization to $251.55 billion in June 2025, reflecting a 54% increase from the previous year. U.S. Treasury Secretary Scott Bessent noted that stablecoins could strengthen the dollar's global dominance and optimize investment demand.
Profits for XRP Holders
According to Glassnode, nearly 79% of XRP holders are currently in profit. This reflects growing confidence in Ripple’s network against the increasing interest in RLUSD. Increased wallet activity and actively used addresses indicate rising user engagement with XRP Ledger-based tools.
Crypto IPOs: A New Direction for Ripple and Others
As interest in stablecoins grows, companies like Ripple, Gemini, and Kraken are preparing for public listings. Rising valuations and regulatory clarity are fostering an optimistic environment, which could attract both institutional and retail investors.
Ripple's recent issuance of RLUSD signals a strategic move towards enhancing market position in light of legislative progress and rising investor interest. With clarity from lawmakers and increasing interest, the company is poised for long-term growth in the stablecoin space.
