- Ripple has minted 13 million RLUSD tokens, pushing the stablecoin’s market cap to $428.7 million just two days after a previous 10 million mint.
- RLUSD is gaining traction across DeFi and exchanges, positioning itself as a serious competitor to USDT and USDC.
Ripple has taken another aggressive step into the stablecoin arena by minting 13 million new RLUSD tokens. This latest move pushes RLUSD’s market capitalization to $428.7 million, placing Ripple’s native stablecoin on a fast track to potentially reach the $500 million mark in the coming weeks.
💵💵💵💵💵💵💵 13,000,000 #RLUSD minted at RLUSD Treasury.https://t.co/jFg5abHIss
— Ripple Stablecoin Tracker (@RL_Tracker) June 20, 2025
RLUSD Gaining Ground on DeFi Platforms and Exchanges
The newly minted tokens were transferred to a known liquidity address, indicating active deployment across decentralized platforms or centralized exchanges. This follows a similar mint of 10 million RLUSD just two days prior, suggesting a pattern of strategic liquidity injections to boost adoption.
RLUSD stands out for its utility focus, as Ripple designed it specifically for trading, payments, and on-chain liquidity. According to on-chain data, the distribution of RLUSD remains balanced with no single wallet holding an outsized portion, reinforcing its credibility and decentralized intent.
Ripple Challenge to USDT and USDC Strengthens
Ripple’s ambition is clear: establish RLUSD as a serious competitor to long-standing stablecoins like Tether (USDT) and USD Coin (USDC). Analysts note that the rapid growth of RLUSD could attract institutional interest if this pace continues.
By achieving nearly half a billion dollars in market cap within a short timeframe, Ripple is signaling its intent to reshape the stablecoin landscape. The strategic mints and wide wallet distribution show that this isn’t just about creating another stablecoin—it’s about challenging dominance.
As stablecoins become foundational to the crypto ecosystem, RLUSD’s rise is a development worth watching. If it crosses the $500 million milestone soon, RLUSD could shift from a rising project to a key player in the stablecoin competition.
ALSO READ:Ondo and Stellar: The Perfect Crypto Pairing for 2025