- Ripple has minted 350,026 new RLUSD tokens on the XRP Ledger, bringing the stablecoin’s market cap close to $300 million.
- With recent milestones like the Hidden Road acquisition and a Kraken listing, Ripple is positioning RLUSD for major growth and aiming for a top-five stablecoin spot by year-end.
Ripple is keeping the pressure on in the stablecoin space, minting an additional 350,026 RLUSD tokens on the XRP Ledger in its latest move. While this may seem like a modest addition compared to the record-breaking 100 million tokens created just a week prior, it signals steady and intentional growth for RLUSD as it inches toward becoming one of the top five stablecoins by year-end.
RLUSD Marches Toward a $300 Million Market Cap
According to CoinGecko, the total market capitalization of RLUSD is fast approaching the $300 million mark. This milestone reflects growing investor confidence and Ripple’s increasing commitment to developing real-world financial applications through its stablecoin.
The latest minting marks the first new issuance in over a week, hinting at a measured rollout strategy rather than a flood of supply. This conservative approach may be part of Ripple’s plan to maintain value stability and encourage broader ecosystem adoption without overwhelming markets.
Major Milestones Bolster RLUSD Adoption
Ripple’s acquisition of Hidden Road, a major prime brokerage firm, for $1.25 billion is also expected to boost RLUSD’s utility. The stablecoin will be used as collateral across various financial products, further embedding it into institutional finance.
Moreover, RLUSD was recently listed on Kraken, one of the world’s leading cryptocurrency exchanges, making it more accessible to retail and institutional users alike. These developments come amid Ripple’s broader push to dominate the tokenization sector, which the company estimates will reach $18.9 trillion by 2033.
A Calculated Climb to the Top
Ripple’s ambitions for RLUSD are clear: dominance in the stablecoin market and deep integration into both crypto-native and traditional financial ecosystems. With steady minting, strategic acquisitions, and growing exchange availability, RLUSD is well-positioned for future growth.
As the stablecoin race intensifies, Ripple appears to be playing the long game—prioritizing sustainability, institutional integration, and real-world utility over flash and hype. If momentum continues, RLUSD might just carve out a top-tier spot by the end of 2025.
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