In a bold push to establish itself in the stablecoin arena, Ripple has minted 13 million RLUSD tokens—bringing the total supply of its stablecoin closer to a $500 million market cap.
This development not only intensifies Ripple’s competition with dominant players like Tether’s USDT and Circle’s USDC but also ignites fresh speculation about Ripple’s broader ecosystem and potential impact on XRP price prediction.
Ripple Accelerates RLUSD Growth to Target Stablecoin Leaders
The latest minting was confirmed via Etherscan and highlighted by the Ripple Stablecoin Tracker on X. With this move, RLUSD’s market capitalization has reached approximately $428.7 million, according to CoinGecko data. Just two days prior, Ripple minted another 10 million RLUSD, reflecting a rapidly accelerating issuance pace.
Ripple has minted 13 million RLUSD, bringing its stablecoin closer to the $500 million market cap milestone. Source: @RL_Tracker via X
“Ripple is clearly signaling its ambition to become a formidable force in the stablecoin market,” one analyst commented, pointing to the platform’s recent activity across DeFi and centralized exchange ecosystems.
Notably, this recent batch of 13 million tokens was sent to a wallet previously associated with large liquidity allocations. Analysts believe the tokens are likely destined for major exchanges or decentralized finance protocols, where RLUSD is gaining adoption.
Strategic Intent Behind RLUSD’s Expansion
Ripple launched RLUSD with a strategic purpose—to provide a secure, regulated, and widely accepted stablecoin for payments, trading, and liquidity. The company aims to leverage RLUSD not just as a dollar-pegged asset but as an integral part of the broader Ripple ecosystem, including cross-border finance and institutional settlements.
Despite being launched by Ripple, RLUSD is currently issued on Ethereum rather than the XRP Ledger. However, integration with the XRP ledger and other blockchains is reportedly on the roadmap, in line with Ripple’s multi-chain strategy.
Ripple has also formed partnerships to expand RLUSD’s usability. One key collaboration is with AlchemyPay, enabling users to access the stablecoin through a wide range of fiat payment methods, including Visa, Mastercard, and Apple Pay. Meanwhile, Ripple’s regulatory green light in Dubai has paved the way for RLUSD’s broader global rollout, further reinforcing the company’s ambitions.
Could RLUSD’s Rise Influence XRP Value?
As RLUSD inches closer to the half-billion-dollar milestone, Ripple supporters and crypto analysts are evaluating the potential ripple effect on XRP value. Many in the community view this expansion as part of Ripple’s long-term plan to strengthen its infrastructure and drive adoption.
XRP was trading at around $2.14, down 1.48% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
Some XRP price prediction models suggest that enhanced liquidity and utility through stablecoins like RLUSD could benefit XRP indirectly by supporting broader use of the Ripple ledger. While speculative, the integration of RLUSD into Ripple’s on-chain economy may help position XRP more competitively, especially as Ripple crypto assets become more functional in payment systems.
Moreover, this stablecoin push comes amid ongoing XRP lawsuit news. Ripple remains embroiled in legal proceedings with the U.S. Securities and Exchange Commission, yet recent cooperation between Ripple and the SEC in resolving remedial actions has reignited optimism. Despite the XRP SEC lawsuits, the firm’s active development efforts continue uninterrupted, signaling confidence in the long-term viability of Ripple’s business model.
A Step Toward Institutional Trust?
Stablecoins are becoming the cornerstone of decentralized finance and crypto trading, frequently acting as the connection between traditional finance and blockchain networks. With RLUSD on the rise towards a $500 million valuation, institutional participation could soon join it.
The $500 million plateau is not so much a mental obstacle—it’s one that signifies maturity and reliability to bigger money players,” remarked one market expert.
Interestingly, the on-chain statistics tell us that RLUSD tokens are well distributed among wallets, with one main address never controlling an overwhelming percentage. This good distribution reduces risk and encourages greater developer and user trust, especially as Ripple looks toward enterprise-scale deployments, perhaps even reigniting Ripple Bank of America partnership rumors that have lingered in Ripple XRP news for years.
Ripple’s Vision Beyond the XRP Lawsuit
Despite the long shadow of the Ripple lawsuit, the product growth initiative of the company shows its eagerness to depart from fights with regulators. CEO Brad Garlinghouse has previously emphasized that innovation continues to be a top priority at Ripple regardless of legal battles.
Brad Garlinghouse forecasts that XRP could process 14% of SWIFT’s global transaction volume within five years. Source: XRP via X
With regulatory clarity improving in jurisdictions such as Dubai and product offerings such as RLUSD gaining traction, Ripple seems well-placed to reverse its public standing, from a business mired in the XRP SEC conflict to an actor working hard to establish its digital finance stature.
Outlook: Ripple Crypto Ecosystem on the Move
The minting of 13 million RLUSD may appear as just another transaction on Ethereum, but in context, it represents a significant milestone in Ripple’s transformation into a broader blockchain finance platform. Whether RLUSD’s growth will directly impact XRP remains to be seen, but the market is already abuzz with renewed interest.
As XRP continues to battle legal headwinds while Ripple expands its presence in the stablecoin space, investors and analysts alike are keeping close watch. One thing is clear: in the fast-evolving Ripple market, this stablecoin surge could be the next big catalyst.
Stay tuned for further XRP lawsuit updates and evolving Ripple news as RLUSD edges closer to the $500 million threshold.
Source: https://bravenewcoin.com/insights/ripple-news-today-ripple-mints-13m-rlusd-to-challenge-stablecoin-giants-fueling-xrp-price-predictions-across-the-market