Ripple Mints 10 Million RLUSD as Institutional Demand Grows

Ripple has minted another 10 million $RLUSD on the $XRP Ledger. Data from XRPScan shows that Ripple’s $RLUSD issuer account minted 10 million tokens in a transaction processed on August 17. The transaction was successfully confirmed on the $XRP Ledger and incurred a fee of just 0.000405 $XRP.

The newly issued tokens were sent to an $RLUSD destination account. The transaction used a two-signer multisignature setup and recorded a maximum delivery amount of 10 million $RLUSD.

According to CoinGecko data, there are 1.711 billion $RLUSD in circulation. The stablecoin has recorded roughly $58 million in 24-hour trading volume, while its market capitalization has continued to expand significantly since its launch in December 2024.

Recent $RLUSD developments

Ripple also expanded $RLUSD’s compliance and institutional payments infrastructure in July through a partnership with Notabene. The integration brings $RLUSD to Notabene Flow, a business-to-business stablecoin payments platform, while the companies are exploring ways to connect Notabene’s transaction authorization and compliance infrastructure with Ripple Payments.

Another major milestone came in June: $RLUSD officially launched in Japan after receiving approval from the Japan Financial Services Agency. SBI VC Trade began offering the stablecoin through its VCTRADE platform to both institutional and retail customers. SBI described $RLUSD as Japan’s first stablecoin handled under the country’s fourth category of electronic payment instruments.

Ripple has also been widening $RLUSD’s regional reach. In June, the company announced partnerships with BiLira, Bitexen and Bitlo that made $RLUSD available to institutions in Türkiye.