The XRP stablecoin has officially entered the top 100 cryptocurrencies by market capitalization, following a significant $11 million mint that demonstrates rising momentum for Ripple’s USD-pegged token. This move highlights increasing adoption of the XRPL-native stablecoin as Ripple quietly ramps up its efforts in the stablecoin space.
Massive Mint Pushes Ripple’s Stablecoin Into Spotlight
Whale Alert, a blockchain tracking tool, recently reported an 11 million US dollar stablecoin mint happening on the XRP Ledger. The newly created tokens were minted from Ripple’s treasury wallet, as detailed in the transaction: 5D91B43D05F562BC786226DA2AD5E85FFC6CD958DFCC8E2BB1A9055C3434D053.
This mint came after a simultaneous burn of 7.5 million stablecoins, effectively continuing a pattern of controlled issuance and removal, commonly described in crypto as “burn, mint, repeat.” The net addition of 3.5 million new tokens helped Ripple’s USD stablecoin reach a market cap milestone that propelled it into the prestigious top 100 list.
Ripple’s native stablecoin on the XRP Ledger gains market cap through strategic minting and token management.
How Ripple’s Stablecoin Grows Through Controlled Token Management
The loop of minting and burning tokens suggests that Ripple is actively testing and regulating the stablecoin’s liquidity. Crypto projects frequently use such strategies to avoid excessive inflation and retain price stability for pegged assets.
While still early in its broader rollout, Ripple’s stablecoin has shown key signs of infrastructure readiness and investor interest by securing a high placement on the market cap rankings. The XRP Ledger (XRPL) offers low-cost and high-speed transaction processing, making it a viable blockchain for stablecoin applications. Ripple appears to be systematically scaling up the utility of its ledger-based USD token within this ecosystem.
New Stablecoin Positioned for XRPL’s Broader Ecosystem
Ripple CEO Brad Garlinghouse previously mentioned Ripple’s plans to launch a compliant USD-backed stablecoin aimed at businesses engaged in cross-border finance, banking, and payment channels. By issuing the stablecoin directly on the XRPL, Ripple aligns with its long-standing strategy of enhancing global payment systems via crypto infrastructure.
The stability provided by fiat backing, combined with the fast settlement of XRPL-based transactions, makes this token a smart alternative for institutions seeking stable digital payment rails. The recent mint and burn cycle underscores Ripple’s controlled approach to financing adoption without flooding the market.
Outlook as Ripple’s Stablecoin Gains Traction
It remains unclear when Ripple’s USD stablecoin will see widespread adoption or become integrated into broader retail or institutional payment flows. Yet entering the top 100 is an important marker of liquidity and attention in the highly competitive stablecoin market.
As blockchain-based finance matures, Ripple’s expanding presence in the stablecoin segment may position it alongside competitors like USDC and USDT. The XRP Ledger’s performance benefits and Ripple’s enterprise network give the firm a unique shot at building a trusted stablecoin solution.
Ultimately, the minting surge reflects not just an increase in circulation but confidence in the utility of Ripple’s platform — as the XRP stablecoin moves deeper into real-world financial use cases.
