- Ripple minted 14 million RLUSD on Ethereum, pushing its market cap up by 3.09% in a single day.
- RLUSD’s trading volume surged 260% yesterday before declining 59% due to market-wide volatility.
- Ripple gained regulatory approval in Dubai, boosting RLUSD’s legal use in the DIFC and expanding its global enterprise reach.
Ripple has minted 14 million new RLUSD tokens, according to on-chain data tracked on July 2. The minting event was carried out through the RLUSD Treasury on the Ethereum network, further increasing the stablecoin’s total circulating supply. This latest addition has contributed to a 3.09% rise in market capitalization over the past 24 hours.
Following the minting, RLUSD’s market capitalization now stands at $469.22 million. Despite the recent mint, it remains the only issuance recorded so far in July. RLUSD’s trading activity surged by 260% yesterday, reflecting strong interest from the market. However, this has been followed by a 59% drop in trading volume today, indicating high volatility across the broader crypto space.
Consistent Growth Since Launch
Since its launch in late 2024, RLUSD has steadily expanded its presence in the stablecoin market. The total supply of the stablecoin has reached $469.24 million. Ripple has continued to mint new tokens to enhance liquidity and support increasing adoption in global markets. The latest minting reflects a continued strategy to scale availability for enterprise-grade payment solutions.
Ripple recently secured key regulatory approval in Dubai, enabling RLUSD to operate legally within the Dubai International Financial Centre (DIFC). This move has opened new doors for enterprise adoption in the Middle East. RLUSD has gained traction in institutional payment infrastructures due to its integration with Ripple’s global cross-border payment system.
Ripple Ecosystem Developments
The stablecoin’s momentum follows Ripple’s broader growth since its legal settlement with the U.S. Securities and Exchange Commission. Ripple has focused heavily on tokenized assets and real-world payment solutions. RLUSD is positioned at the center of this strategy, enabling smooth integration into enterprise finance networks.
