Ripple’s RLUSD Stablecoin Surges Past Raydium After $11M Mint, Hits $741M Supply

Ripple’s USD-backed stablecoin, RLUSD, has taken another major step in the stablecoin market, surpassing Solana’s Raydium following an $11 million mint. The move highlights Ripple’s active approach to managing RLUSD’s liquidity, with recent supply activity showing deliberate cycles of minting and burning. In a short span, the stablecoin desk minted 8 million RLUSD, burned 11 million, and then released an additional 3 million tokens, signaling a carefully managed strategy to balance flows rather than allowing supply to drift naturally.

As a result, RLUSD’s circulating supply has now climbed to approximately $741 million, securing its position above Raydium in the market cap rankings. This milestone is significant considering RLUSD only launched a few months ago, yet it is already carving out a strong presence in the crowded stablecoin sector.

Beyond supply numbers, the trading activity around Ripple’s stablecoin underscores its rapid adoption. RLUSD is currently recording around $150 million in daily trading volume, equating to a turnover rate of more than 20% of its supply every day. For a stablecoin still building out its distribution network, this level of liquidity and speed is notable, positioning RLUSD as one of the more dynamic assets in the stablecoin ecosystem.

The steady inflows and outflows managed by Ripple’s treasury desk suggest the company is optimizing liquidity in real time to meet market demand. This controlled cycling provides reassurance to traders and institutions that RLUSD is backed by an active liquidity strategy rather than passive issuance. With strong volume, growing market cap, and Ripple’s backing, RLUSD is quickly becoming a contender in the stablecoin rankings, signaling that it may play a larger role in decentralized finance and cross-border liquidity in the months ahead.