Ripple has recently minted 23,000,000 RLUSD over the past 24 hours and made fresh movements. According to data from Ripple’s Stablecoin Tracker, a community X account that tracks the creation, redemption and transfer of Ripple’s RLUSD, the Mint was run in two separate transactions, totaling 11,500,000 RLUSD each.
💵💵💵💵💵💵💵💵💵11,500,000 #RLUSD RLUSD TREASURY. Created at https://t.co/8nnnduwyn
– Ripple Stablecoin Tracker (@RL_Tracker) April 25, 2025
Both casting events were held at RLUSD Ministry of Finance, Ripple’s central hub for the issuance of Stablecoin. This RLUSD mint demonstrates Ripple’s commitment to expanding the supply of Stablecoin and is positioned to accommodate increased demand across various liquidity pools, exchanges and payment channels.
In early April, Ripple integrated RLUSD Stablecoin into a cross-border payment system called Ripple Payments.
What’s behind?
According to VET, XRPL DUNL VALDICARTOR and co-founder of XRPLPCAFE, the move could be a replenishment of the RLUSD inventory, as the co-founder of XRPCAFE who commented on one of the MINT transactions.
With the RIPPLE RLUSD Stablecoin released this week on the Aave V3 Ethereum Market, the timing of this mint remains important. The move allows users to provide and borrow Ripple’s RLUSD Stablecoin to its lending platform V3 Ethereum Core Market.
RLUSD Stablecoin is off to a solid start with the Aave V3 Ethereum Market. According to IntotheBlock, the amount of RLUSD supplied by Aave reached a new all-time high of 77,350,849.54 RLUSD.
RLUSD, a 1:1 stablecoin fixed to US dollars, is available on XRP ledgers and Ethereum blockchain. It is entirely equivalent to US dollar deposits, short-term US Treasury securities and cash, with each token corresponding to comparable Fiat value.
According to CoinmarketCap data, Stablecoin was launched worldwide in December 2024 and currently boasts a market capitalization of $317 million.
