Ripple Expands RLUSD Stablecoin Supply as Market Cap Approaches $110M
Ripple Mints 1M More RLUSD Tokens, Strengthening Its Position in the Stablecoin Market
Ripple is expanding its footprint in the stablecoin sector, having just minted an additional 1 million RLUSD tokens, according to data from @RL_Tracker. This move follows a previous minting of 2 million RLUSD on February 1, further solidifying RLUSD’s role in the growing stablecoin market.
Currently, RLUSD’s market cap is nearing $110 million, a significant milestone that highlights its increasing adoption and trust among investors.
Ripple’s RLUSD Stablecoin Gains Market Traction
Ripple CEO Brad Garlinghouse celebrated this achievement, while Jack McDonald, Ripple’s SVP of Stablecoins, noted that stablecoins are gaining “amazing traction” across financial markets.
📌 Key Developments:
- RLUSD market cap surpassed $100 million in January and continues to climb.
- Ripple’s President, Monica Long, emphasized that trust and compliance are critical for stablecoin adoption.
- RLUSD is now listed on exchanges like Bitstamp, with more listings expected soon.
🚀 As traditional finance continues to integrate with blockchain, Ripple is positioning RLUSD as a key player in the stablecoin market.
How the XRP Ledger Supports RLUSD in DeFi
The XRP Ledger’s recent AMMClawback amendment now allows RLUSD to be used in decentralized finance (DeFi) liquidity pools, further expanding its utility.
🔹 XRP/RLUSD Liquidity Pool:
- Holds $1.3 million in liquidity
- Enables DeFi transactions while maintaining security through token recovery features
With its regulated framework and growing utility, RLUSD is rapidly becoming a trusted bridge between blockchain and traditional finance.
Regulatory Approval & Exchange Listings Strengthen RLUSD’s Future
Ripple’s RLUSD stablecoin officially launched on global exchanges on December 17, 2024, following regulatory approval from the New York Department of Financial Services (NYDFS).
📌 What This Means for Investors:
✅ Increased liquidity and stability with regulatory backing.
✅ More exchange listings will drive greater adoption.
✅ Integration with DeFi pools enhances usability beyond simple transactions.
With stablecoins playing a crucial role in global finance, Ripple’s expansion of RLUSD supply signals confidence in its long-term growth potential.
Final Thoughts: Is RLUSD the Next Big Stablecoin?
With Ripple actively expanding RLUSD’s supply, securing regulatory approvals, and integrating with DeFi, the stablecoin is becoming a serious competitor in the growing digital payments space.
🔹 As the market cap nears $110 million, Ripple’s RLUSD is proving to be a key player in the next phase of blockchain-based finance.
🚀 Will RLUSD rival giants like USDT and USDC? Stay tuned as Ripple continues to push forward in the stablecoin race!
