Ripple USD Stablecoin Surpasses $527M as RLUSD Grows

Ripple USD stablecoin (RLUSD) continues making strides across the digital financial ecosystem. With the recent minting of 10 million new tokens, the total circulating supply has surged past $527 million, underscoring Ripple’s expanding influence in the stablecoin market.

The news comes amid heightened attention on stablecoins, as regulatory clarity is finally beginning to emerge. The silent yet significant minting of these additional RLUSD tokens was confirmed within the past 24 hours, showcasing increasing utility and active treasury operations behind Ripple’s dollar-backed digital asset.

This milestone development follows data sourced from CoinMarketCap and observations reported by Ripple Stablecoin Tracker on July 18. The RLUSD Treasury was responsible for minting the batch, adding new liquidity to the circulating supply—as seen with the discrete creation of 10,000,000 RLUSD.

This progression aligns with broader movements in the digital asset space, particularly in the U.S., where the freshly enacted GENIUS Act has established an official structure for regulated, dollar-backed stablecoins. This new legal framework mandates stablecoins be backed by liquid assets, such as actual U.S. dollars or short-term Treasury notes, and requires issuers to be fully transparent about their reserve compositions.

Stablecoins like Ripple’s RLUSD are designed for minimizing volatility, typically retaining a steady 1:1 peg with the U.S. dollar. Their utility, especially when transferring value across token ecosystems or executing crypto-to-fiat transitions, continues to see growing adoption among retail and institutional participants alike.

What adds momentum to RLUSD’s rise is the growing optimism in the market following the GENIUS Act. This legislation brings certainty to the ever-evolving landscape of digital finance by confirming the status of payment stablecoins as non-securities—paving the way for innovation without the shadows of regulatory ambiguity.

As stated recently by SEC Commissioner Hester Peirce, the GENIUS Act delivers a foundational step toward regulatory transparency, which is crucial for enabling mainstream adoption and resilient growth across crypto projects. For Ripple, this environment creates a favorable landscape to fuel RLUSD’s adoption and acceptance.

Ripple has also made recent advancements by securing the Bank of New York Mellon as the exclusive custodian for RLUSD reserves. This collaboration is expected to bolster Ripple’s compliance framework and further reinforce institutional trust in RLUSD as a dependable and regulated stablecoin solution.

Currently, the wider stablecoin market is conservatively valued at above $264 billion. However, driven by strategic policy moves and growing regulatory backing, global banks and institutions like Standard Chartered anticipate this number could swell to $2 trillion by 2028—a projection that underscores the pivotal role RLUSD may play in the future trajectory of digital payments.

As stablecoins increasingly enable frictionless borderless payments, Ripple, through RLUSD, positions itself at the center of this transformation. The latest minting activity not only signals operational activity but also suggests the company is preparing for an anticipated uptick in usage and transactional velocity.

Related: XRP, Bitcoin Could React to Inflation Data

In summary, Ripple’s growing RLUSD stablecoin is gaining traction at a critical time for digital assets—both in regulation and adoption. Strategic moves like transparent reserve backing, top-tier custodial partnerships, and alignment with new legislation may well place Ripple ahead in the race to provide secure, trustworthy stablecoin options in the evolving financial world.