- Ripple hasn’t minted new RLUSD tokens for over 40 days to manage supply and maintain stability.
- Meanwhile, regulatory approvals in Dubai and new exchange listings signal ongoing growth and adoption for RLUSD.
In the fast-moving world of cryptocurrencies, stablecoins often act as anchors amid volatility. Ripple’s stablecoin, Ripple USD (RLUSD), has recently caught attention—not for a spike, but for an unusual pause. Despite a booming crypto market and Bitcoin reaching a fresh all-time high (ATH), no new RLUSD tokens have been minted in over three weeks. What’s going on with Ripple’s stablecoin?
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No New Ripple RLUSD Minting in 41 Days
Data from the Ripple Stablecoin Tracker shows that the last new RLUSD minting occurred on April 25, with 11.5 million tokens issued. Since April 25, Ripple has not created any additional RLUSD tokens, marking a 41-day pause at the time of reporting. This silence stands out because Bitcoin soared to $111,970—its highest ever—and other assets experienced significant price movements.
Normally, surges in trading activity increase demand for stablecoins like RLUSD, as traders and investors seek stable digital dollars for buying, selling, or hedging. The absence of fresh minting might seem puzzling.
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Strategic Supply Control or Market Saturation?
One plausible explanation is that Ripple’s circulating RLUSD supply already meets current market demand. Instead of rushing to mint more tokens, Ripple might be strategically managing the stablecoin’s supply to maintain price stability and avoid unnecessary inflation. Ripple could also be aiming to strengthen RLUSD’s position amid fierce competition from established stablecoins like Tether’s USDT and Circle’s USDC with this careful approach.
Ripple has emphasized a strategic outlook in stablecoin operations, likely prioritizing controlled growth over unchecked expansion. Controlling supply in this way helps maintain trust and confidence among users and regulators alike.
Regulatory Progress and Exchange Listings Signal Growth
Despite the minting pause, RLUSD’s outlook remains positive. Ripple recently secured regulatory approval from the Dubai Financial Services Authority (DFSA), allowing RLUSD’s use within Dubai’s International Financial Centre—a hub for over 7,000 companies. This milestone is a strong endorsement for RLUSD’s adoption in the rapidly growing UAE market.
Additionally, RLUSD was recently listed on the crypto exchange Bitget, enabling users to trade RLUSD against USDT and USDC. This move improves liquidity and access for investors, further integrating RLUSD into global crypto markets.
While no new RLUSD tokens have been minted in the past 41 days, this pause likely reflects Ripple’s strategic supply management rather than a loss of interest. Regulatory wins and new exchange listings indicate ongoing expansion and adoption for RLUSD. As Ripple continues to navigate competitive and regulatory challenges, its stablecoin remains well-positioned to support cross-border payments and broader crypto use cases. The silence may be temporary—but the potential is loud.
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