Ripple has quietly advanced its stablecoin strategy with a new minting of 12 million RLUSD tokens, signaling its intent to compete in one of crypto’s fastest-growing sectors.
The transaction, recorded on Ethereum, marks Ripple’s latest move to gain traction in a market that has ballooned to over $252 billion in total supply—up 20x since 2019.
The fresh mint coincides with a broader upswing in stablecoin activity, with weekly inflows exceeding $740 million. While Tether continues to dominate with over 60% market share, competition is heating up not just in volume—but in revenue. Backed by U.S. Treasuries, Tether has generated $593 million in the past 30 days, while Circle’s USDC brought in $191 million, highlighting the lucrative business model behind asset-backed digital dollars.
Decentralized protocols aren’t being left behind. Platforms like Hyperliquid and PancakeSwap are earning tens of millions in swap fees, while dozens of smaller players are posting seven-figure returns. Altogether, 55 DeFi protocols crossed $1 million in revenue last month, reflecting a maturing ecosystem that’s increasingly built on real economic flows, not speculation.
Ripple’s RLUSD is entering at a time when stablecoins are evolving from simple payment tools into revenue-generating engines. If Ripple can replicate the yield strategies that have propelled rivals, RLUSD could emerge as a viable contender in the race for stablecoin dominance.
With new regulation, including the recently enacted Genius Act, adding much-needed clarity, the stablecoin economy is shifting. It’s no longer just about utility—it’s about profitability, and the competition for market share is accelerating.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ripple-issues-12m-rlusd-tokens-in-bid-to-join-stablecoin-leaders/