- RLUSD liquidity inflows surpassed $275 million as XRP Ledger activity accelerated rapidly.
- Binance processed major RLUSD transactions while Ripple expanded stablecoin circulation significantly.
- Gemini could soon increase RLUSD minting and redemption activity across XRP Ledger.
Ripple’s RLUSD stablecoin generated massive liquidity inflows this week as XRP Ledger activity accelerated across several major transactions. According to XRP Ledger Foundation Director of Community Hussein Zangana, known as Vet on X, the network processed intense RLUSD minting and redemption activity throughout the week. He stated that multiple treasury operations significantly increased stablecoin movement across the XRP Ledger ecosystem.
Data shared by Vet showed that RLUSD recorded more than $354 million in minted supply during the reporting period. Meanwhile, burned supply totaled nearly $79 million over the same timeframe. Consequently, the stablecoin posted a net liquidity inflow exceeding $275 million within one week.
Several treasury transactions fueled the latest expansion in RLUSD circulation. On May 22, RLUSD Treasury minted more than 10 million RLUSD through a major transaction batch. Additionally, the treasury minted another 10 million RLUSD on May 21 after removing 15 million RLUSD from circulation earlier that day.
Moreover, another transaction batch introduced 230 million RLUSD into circulation directly on the XRP Ledger. During the same period, the treasury also burned 10 million RLUSD through separate operations. These transactions significantly boosted XRP Ledger network activity throughout the week.
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Binance Activity Strengthens RLUSD Expansion
Binance also played a major role during the latest RLUSD liquidity surge across the XRP Ledger network, with Vet stating that the exchange actively handled RLUSD transactions directly through the ledger during the reporting period. Earlier this year, Binance expanded RLUSD support after adding spot trading services for the stablecoin. Besides spot trading, the exchange integrated RLUSD into Binance Earn and portfolio margin products, increasing utility across leveraged trading markets.
Additionally, Vet suggested that crypto exchange Gemini could soon increase RLUSD-related activity before the month closes. He indicated that more minting and redemption transactions involving Gemini may appear next week. Meanwhile, RLUSD’s market capitalization recently surpassed $1.7 billion as adoption continued expanding across payment and decentralized finance platforms. Growing demand for the stablecoin also contributed to rising transaction volumes across the XRP Ledger ecosystem.
RLUSD recorded one of its strongest weekly liquidity expansions as XRP Ledger transaction activity accelerated rapidly. Additionally, growing exchange participation continued to strengthen RLUSD adoption across the broader cryptocurrency market.
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