Ripple’s RLUSD Supply Swells by $100M, Drawing Eyes to XRP’s Role in Payments

RLUSD Minting Tops $100M as Ripple Expands Stablecoin’s Reach in Global Payments

Ripple’s stablecoin, RLUSD, has surpassed $100 million in total issuance since April 1, signaling a growing appetite for alternative stablecoins amid shifting dynamics in the digital asset market.

The surge in minting—split between two $50 million issuances on Tuesday and Wednesday—follows the integration of RLUSD into Ripple’s official payment suite. Early adopters such as BKK Forex and iSend are already utilizing the asset for cross-border settlements, suggesting institutional-grade demand is gaining momentum.

Analysts believe RLUSD’s momentum could challenge established players like Tether (USDT) and Circle’s USD Coin (USDC), particularly as Ripple leverages its enterprise network and regulatory-first approach to attract partners.

RLUSD is currently available on both the XRP Ledger and Ethereum, with each token backed by a 1:1 reserve of U.S. dollar assets including cash, short-term Treasuries, and equivalents. The mint-and-burn process is handled via trusted partners, ensuring operational transparency and stability.

A distinguishing feature of RLUSD is its integrated “clawback” mechanism—enabled on the XRP Ledger through a January update—allowing issuers to retrieve tokens under specific legal or security-related conditions. This feature is especially attractive to compliance-conscious institutions.

Beyond payments, RLUSD’s presence on the XRP Ledger may spark a wave of decentralized finance (DeFi) applications, potentially driving up demand for XRP as a base asset. Market participants are closely watching for further integrations across wallets, exchanges, and financial rails.

As stablecoin adoption accelerates, RLUSD is positioning itself as a serious contender in the next phase of crypto-financial infrastructure.

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