Ripple Mints 15 Million RLUSD on Ethereum as Stablecoin Supply Expands Across Networks

Summary

• Ripple minted 15 million RLUSD on Ethereum while balancing stablecoin supply across Ethereum and the XRP Ledger through ongoing adjustments.
• Ethereum circulation exceeded $712 million while the XRP Ledger maintained a larger overall RLUSD supply despite higher burn activity during the week.
• Upbit and Bithumb listed RLUSD while Ripple expanded enterprise payments through its Notabene partnership supporting institutional stablecoin adoption.

 

Ripple has minted 15 million RLUSD on the Ethereum blockchain, according to the Ripple Stablecoin Tracker in a post on X. The latest issuance adds to a series of supply adjustments as RLUSD circulation grows across Ethereum and the XRP Ledger.

According to the Ripple Stablecoin Tracker, recent blockchain activity shows Ripple actively managing RLUSD liquidity between its two supported networks, with Ethereum recording additional token issuance while the XRP Ledger posted higher burn activity over the same period. Consequently, each network reflected a different supply trend during the past week.

Data from the Ripple Stablecoin Tracker website shows Ethereum now holds more than $712 million in circulating RLUSD. Additionally, the network recorded 36.5 million RLUSD minted over the past seven days. During the same period, roughly $25.3 million in RLUSD was removed from circulation through token burns.

Meanwhile, the XRP Ledger remains the larger network for RLUSD by circulating supply. It currently holds approximately $873 million worth of the stablecoin despite recording stronger burn activity than Ethereum.

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Ethereum Supply Increases While XRP Ledger Records Higher Burns

Recent on-chain activity revealed more changes across both blockchains. Ripple burned 15 million RLUSD on the XRP Ledger during the past 24 hours. Additionally, it minted another 10 million RLUSD on Ethereum on July 29 before completing the latest 15 million token issuance.

According to data from the Ripple Stablecoin Tracker, the XRP Ledger minted 65.4 million RLUSD during the last seven days. However, token burns reached 68.7 million RLUSD over the same period. As a result, total burns slightly exceeded newly issued tokens on the network.

Although Ethereum has experienced stronger issuance, the XRP Ledger continues to host the largest share of RLUSD in circulation. Those supply movements indicate Ripple is adjusting liquidity across both ecosystems while maintaining activity on each blockchain.

South Korean Exchanges Add RLUSD Support

RLUSD also expanded its market presence through new exchange listings in South Korea. Upbit announced support for the stablecoin on July 28, giving users access to deposits and withdrawals through the XRP Ledger.

Moreover, Upbit introduced RLUSD trading against the Korean won, Bitcoin and USDT. The listing expanded access to one of South Korea’s largest cryptocurrency exchanges by trading volume and customer base.

Additionally, Bithumb listed RLUSD on July 29. The exchange launched the RLUSD/KRW trading pair while supporting deposits and withdrawals exclusively through the XRP Ledger. Together, the two listings broaden RLUSD’s availability across the country’s leading digital asset platforms.

Ripple Expands Enterprise Payment Strategy

Ripple has also strengthened RLUSD’s enterprise use through a partnership with Notabene, a digital asset compliance platform that facilitates more than $2 trillion in annualized transaction volume.

The collaboration will integrate RLUSD into Notabene Flow while exploring payment authorization capabilities alongside Ripple Payments. Furthermore, the companies aim to support compliant enterprise stablecoin transactions across institutional payment networks, extending RLUSD’s use beyond exchange trading.

Conclusion

Ripple’s latest 15 million RLUSD mint on Ethereum reflects its ongoing strategy of managing stablecoin supply across multiple blockchain networks. Meanwhile, new exchange listings in South Korea and expanded enterprise payment integrations strengthen RLUSD’s adoption across both retail and institutional markets.

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