- Ripple’s RLUSD hits new records with $35 million minted overnight.
- RLUSD gains traction with BitMart listing, expanding global reach.
- Ripple strengthens stablecoin position, surpassing $1.49 billion in supply.
Ripple’s RLUSD stablecoin recently reached a significant milestone, as $35 million worth of RLUSD was minted at the treasury overnight. The minting event was promptly detected by EthereumScan, which linked the transfer to an address beginning with “0xfbca8b5f.” This surge in minting highlights Ripple’s growing presence in the stablecoin market, which continues to expand in both volume and adoption.
According to updated data from CoinMarketCap, RLUSD’s circulating supply now totals $1.49 billion. Although the stablecoin is currently ranked eighth in total market capitalization, it has managed to outperform several larger competitors in terms of daily trading volume. In just a 24-hour period, RLUSD saw an impressive $259.5 million in transactions. This volume is larger than PayPal’s PYUSD, USDG, and some other top 10 stablecoins.
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Ripple’s Growing Impact in the Stablecoin Market
The latest $35 million mint is part of a series of similar transactions over the past few weeks, with amounts of $15 million and $59 million minted previously. This trend suggests a focused strategy by Ripple to supply liquidity across various exchanges or facilitate over-the-counter (OTC) settlements. It may also signal a deeper engagement in meeting market demands without depleting existing reserves.
The stablecoin market has seen a notable consolidation in recent years, with major players such as Tether, USDC, and USDT dominating the landscape. However, RLUSD’s recent surge in both circulating supply and daily transaction volume indicates that Ripple is positioning itself as a major contender. By leveraging its existing network capacity and regulatory clarity, Ripple could be eyeing greater participation in institutional-grade dollar issuance.
Ripple’s Strategic Move to Strengthen RLUSD’s Position
The minting pattern seen in recent days underscores Ripple’s ability to rapidly respond to market liquidity needs, positioning RLUSD as a viable alternative to the more established stablecoins. As the market for digital currencies continues to mature, Ripple’s aggressive strategy in the stablecoin space may serve as a key indicator of its long-term plans. By consistently increasing its supply and adjusting to market demands, Ripple could solidify RLUSD’s position as a leading player in the evolving digital currency ecosystem.
Ripple’s strategy is becoming evident as the company explores ways to tap into the growing demand for stablecoins in both retail and institutional markets. With U.S. banks still grappling with regulatory uncertainty, Ripple’s stablecoin could offer a compliant alternative, further solidifying its presence in the rapidly growing sector.
RLUSD Gains Further Traction with BitMart Listing
Ripple USD (RLUSD), a stablecoin issued by Ripple Labs, has taken another step in its expansion with a new listing on the prominent cryptocurrency exchange BitMart. Announced on January 28th, 2026, this move is a significant milestone in Ripple’s ongoing efforts to extend the reach of its stablecoin. BitMart, known for its wide range of digital assets, provides RLUSD with greater access to a diverse user base.
RLUSD is backed 1:1 by US dollars and other cash equivalents, offering a secure and reliable digital dollar. This move enables Ripple’s stablecoin to facilitate cross-border payments with enhanced liquidity, compliance, and stability. By listing on BitMart, RLUSD gains the opportunity to serve users who need efficient, low-volatility digital assets for global transactions, further strengthening its position in the competitive stablecoin market.
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