Ripple USD (RLUSD) has been operating for 106 days and continues to set records, reaching 243 million RLUSD in circulation. The increase highlights growing adoption in the market.
Increase in RLUSD Volumes
According to CoinMarketCap data, the total RLUSD circulating supply reached 243,690,000 tokens. The mark of 240 million was achieved on March 31, 2025, thanks to a record minting of 50 million RLUSD. Though there is no official explanation, this indicates rising interest in RLUSD.
Competition with Other Stablecoins
Amid the dominance of stablecoins like Tether and Circle, Ripple aims to remain competitive. Despite a relatively smaller market cap of $243 million, RLUSD eyes sustained growth to strengthen its position in the industry.
Ripple's Strategic Actions
Ripple's actions highlight a strategic approach to increasing supply. In early March, the company temporarily halted token minting to balance demand and supply, underlining its ambition to be among the leading stablecoins by 2025.
Ripple USD continues to expand its market presence, achieving key supply milestones. The company shows ambitions to become one of the leaders among stablecoins in the coming years.
