XRP: Ripple Mints 13 Million RLUSD Tokens on Ethereum

Ripple has been making waves once again, this time with the minting of 13 million RLUSD tokens on the Ethereum network. The move marks another significant step in Ripple’s strategic push to expand its stablecoin offerings and increase the reach of its XRP ecosystem.

This recent minting event represents the largest amount of RLUSD created in a single day since April 25, setting a new benchmark for the company’s token issuance activity. The data, as monitored by Ripple’s stablecoin tracker, reveals that the firm has now minted a total of 42 million RLUSD tokens throughout the month of June. Notably, all these tokens have been launched solely on Ethereum, rather than using Ripple’s native XRP Ledger—a detail that has drawn particular attention from both industry analysts and XRP holders.

Ripple’s ongoing activity in issuing RLUSD stablecoins highlights its commitment to strengthening its presence well beyond its traditional blockchain. The decision to utilize Ethereum instead of the XRP Ledger may reflect a broader strategic objective to tap into Ethereum’s robust ecosystem, which continues to host a large segment of the decentralized finance (DeFi) market.

As of today, the total market capitalization of Ripple’s RLUSD stablecoin is approaching $450 million, based on the latest figures from CoinGecko. This impressive valuation further underpins Ripple’s growing influence within the stablecoin sector. Earlier this month, Ripple also secured a crucial regulatory green light in Dubai, enabling it to expand its operations and gain a stronger foothold across global financial hubs.

In a related development, Ondo Finance, a platform that specializes in tokenized treasuries, has launched U.S. Treasury securities on the XRP Ledger. This move makes it possible for qualified investors to mint OUSG, which is backed by U.S. Treasury assets, using Ripple’s RLUSD for transaction facilitation. It’s a noteworthy collaboration showcasing RLUSD’s emerging role in the world of institutional-grade finance.

Ripple also recently partnered with AlchemyPay, a leading payment provider, to make RLUSD more accessible to the public. This integration opens up the ability for users to purchase RLUSD using a broad array of fiat payment methods, including Visa and Apple Pay. The initiative is part of Ripple’s broader mission to bring real-world usability to its digital financial products, especially stablecoins like RLUSD that can connect crypto and traditional finance ecosystems.

Meanwhile, the competition among stablecoin issuers is heating up. Circle, the company behind USD Coin (USDC), has begun supporting the XRP Ledger as well. This development could lead to an increase in liquidity and user activity on the XRP platform, as top-tier stablecoins like USDC and RLUSD become increasingly interoperable.

The engagement of key players in expanding utility around stablecoins solidifies the role of XRP and Ripple in the evolving landscape of blockchain-based finance. Through continued innovation—such as strategic collaborations, regulatory compliance, and cross-chain integration—Ripple appears determined to establish RLUSD as a go-to stablecoin in both institutional and retail markets.

With more than 40 million RLUSD tokens minted in just a few weeks and a ballooning market cap nearing half-a-billion dollars, Ripple is positioning itself as more than just a remittance solution. Its actions reinforce its ambition to participate in shaping the future of digital assets and stablecoins, with XRP at the core of its efforts.

Related: Expert Advice: Sell XRP If You’re Confused

For Ripple and XRP supporters, the strategic expansion of RLUSD signals continued momentum, technological adoption, and a growing alignment with global financial infrastructures. Whether the tokens are minted on Ethereum or another blockchain, the underlying message is clear—Ripple is scaling, and XRP remains firmly in the middle of it all.