Ripple Shocks Market by Minting 23M RLUSD as Demand for Stablecoin Soars

Ripple sent shockwaves through the crypto market after minting 23,000,000 RLUSD stablecoins in 24 hours. According to Ripple’s stablecoin tracker, the minting was executed in two transactions of 11,500,000 RLUSD each, directly from the RLUSD Treasury.

The rapid issuance comes as Ripple’s RLUSD stablecoin gains momentum across exchanges, liquidity pools, and payment channels. Besides, the timing of the mint suggests Ripple is preparing to meet a surge in market demand following RLUSD’s recent integration into Ripple Payments.

Vet, who serves as the dUNL validator and co-founder of xrpcafe, claimed that the fresh mint might result from Ripple filling RLUSD inventory to meet its liquidity requirements. His observations came after detecting one of the most significant transactions involving the Treasury wallet.

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The minting operation happens simultaneously with the initial listing of RLUSD on the Aave V3 Ethereum Market, a premier decentralized lending protocol.

Aave users can participate in RLUSD lending through supply and borrowing activities, as Ripple decided on the maximum allowances of 50 million RLUSD for supply and 5 million RLUSD for borrowing.

According to IntoTheBlock data, the RLUSD supply on Aave has reached its highest mark at 77,350,849.54 RLUSD. Because of the substantial increases in supplied RLUSD, user participation during the Ripple stablecoin distribution has surged.

Ripple’s RLUSD Supply Strategy Matches Rising DeFi and Payment Channel Demand

Ripple’s aggressive expansion of RLUSD supply underscores its broader strategy to capture a bigger share of the DeFi and cross-border payments markets. RLUSD is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents, ensuring its 1:1 dollar peg.

Additionally, RLUSD functions across the XRP Ledger and Ethereum blockchains, providing flexibility to users working within the main blockchain ecosystems. The stablecoin launched globally in December 2024, and CoinMarketCap declared that its market capitalization reached $317 million in the following months.

Ripple made this minting decision because it foresees persistent demand expansion within lending platforms, exchanges, and payment rails. Through its latest actions targeting the competitive stablecoin market segment, Ripple demonstrates dedication to expanding RLUSD’s market position.

Opening new payment channels on Aave positions Ripple perfectly to capitalize on the increasing demand for decentralized finance and stablecoin-based payment solutions.

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