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Ripple stablecoin ($RLUSD) has recorded an uptick in its activity, as volume soared by over 52% in the last 24 hours. This uptick comes despite Ripple Treasury not minting new $RLUSD since April 25, 2025, when 11,500,000 tokens were minted.
$RLUSD volume spikes signal rising market demand
According to CoinMarketCap data, Ripple stablecoin volume has soared by 57.75% to $52.48 million as of press time. This increase suggests growing demand from market participants and liquidity for $RLUSD. It could have been triggered by investors looking to acquire assets on the broader crypto market.
An increase in $RLUSD transactions could positively impact the Ripple ecosystem. Notably, $RLUSD cooperates on the $XRP Ledger (XRPL), and with the platform registering faster adoption due to its lower fees, this might increase demand for $XRP.
$XRP serves as gas to cover the fees, and increased demand could exert pressure on the $XRP price.
As of press time, $XRP was trading at $2.31, representing a 2.02% increase in the last 24 hours. The asset has recorded fluctuations within this period, climbing from a low of $2.25 to a peak at $2.33. Although there has been a slight correction, the ecosystem remains bullish and might still climb further.
Ripple ecosystem could benefit as $XRP demand grows
Meanwhile, Ripple stablecoin is breaking new ground, as it was recently listed on the Bitget exchange. Notably, the platform launched two trading pairs, $RLUSD/USDT and $RLUSD/USDC, to meet the demand of market participants on the exchange.
This development signals the growing adoption of $RLUSD on the stablecoin market, which includes renowned giants like Tether and Circle.
In April, Ripple stablecoin launched on the Aave V3 Ethereum market, resulting in a 102% volume spike as sentiment stayed bullish. As the stablecoin continues to gain market appeal, many anticipate it could trigger more positive development for the Ripple ecosystem with a targeted upside for the $XRP price.