The Ripple USD (RLUSD) stablecoin has captured the attention of traders due to increased trading volume and market capitalization following a significant minting event.
RLUSD Performance Metrics Boost
In the last 24 hours, RLUSD recorded a trading volume of $47.51 million, representing a 25.18% increase. Its market capitalization rose by 3.29%, now pegged at $455.31 million. The stablecoin maintained its peg at $1.00, showing a slight but steady gain of 0.02% over the past week. The volume-to-market capitalization ratio stands at 7.84%, indicating healthy trading levels. Approximately 455.24 million tokens are currently in circulation.
Circulating Supply Grows After Recent Mint
The circulating supply of RLUSD has reached 455.24 million following a mint of 13.5 million tokens tracked on the Ethereum blockchain. This followed another mint of 14.5 million tokens on June 27, 2025, confirming Ripple's active deployment of RLUSD. There is currently no set maximum supply for the token, leaving room for future mints, consistent with Ripple's strategy of scaling RLUSD based on demand.
Strengthening Ripple Labs' Digital Strategy
As a dollar-pegged stablecoin, RLUSD is issued on both Ethereum and XRP Ledger, enabling flexibility for cross-platform operations. Its design focuses on fast, low-cost transfers without the need for a traditional bank account. The recent increase in volume has also sparked discussions regarding RLUSD's potential impact on XRP, particularly through escrow mechanisms. Increased institutional interest and ongoing regulatory discussions point to RLUSD becoming a notable player in the market.
Recent developments concerning RLUSD highlight its growing significance in the digital asset market and its potential amid emerging regulatory initiatives.
