Ripple Mints Record 69 Million RLUSD on XRP Ledger as Stablecoin Market Cap Surpasses $1.5B

Ripple has executed the largest single mint in the history of its RLUSD stablecoin, creating 69 million RLUSD tokens directly on the XRP Ledger (XRPL). According to on-chain data, the newly minted tokens appear to be routed to the Gemini exchange, signaling increased liquidity and potential trading demand for the fast-growing stablecoin.

This milestone mint underscores Ripple’s accelerating expansion of RLUSD across major blockchain networks and crypto exchanges. Over the past week, the RLUSD Treasury has actively managed supply through a combination of large-scale mints and strategic token burns on both the XRP Ledger and Ethereum. On February 27, Ripple minted 20 million RLUSD on Ethereum, following another 10 million RLUSD issuance just two days earlier. These coordinated supply adjustments highlight Ripple’s effort to balance liquidity while supporting institutional and retail adoption.

RLUSD’s market capitalization has now exceeded $1.5 billion, according to CoinGecko data, reflecting strong demand and rapid ecosystem growth. The stablecoin has seen a surge in exchange integrations and institutional partnerships in recent weeks, further strengthening its position in the competitive stablecoin market.

Binance officially listed RLUSD for spot trading in late January, initially supporting the Ethereum-based version. By mid-February, Binance completed its technical integration to enable native RLUSD transactions on the XRP Ledger. The exchange also introduced an attractive 8.5% Annual Percentage Rate (APR) for RLUSD holders, boosting investor interest.

Institutional momentum is also building. In mid-January, UK-based LMAX Group announced a multi-year partnership with Ripple, which includes integrating RLUSD as a collateral asset.

With record-breaking mint activity, expanding exchange support, and growing institutional adoption, RLUSD is rapidly emerging as a key player in the global stablecoin landscape.