- RLUSD stablecoin supply grew by 122.5 million in July, with 45 million minted within the last week alone.
- Market capitalization climbed to $577 million, driven by growing exchange and DeFi participation.
- RLUSD gained new market presence with a listing on PDAX and earned an A rating from Bluechip.
Ripple’s USD-backed stablecoin RLUSD has seen a notable supply increase in July. A total of 122,500,000 RLUSD tokens were minted this month, with 45 million added in the past week alone. On July 23, 25 million RLUSD were issued from the RLUSD Treasury. Two days later, another 20 million tokens were created. The activity reflects growing utility and market demand across platforms.
The increase in RLUSD circulation underscores its expanding role within decentralized finance and cryptocurrency exchanges. RLUSD plays a key part in providing liquidity and facilitating trades in stable-value assets. It is designed for digital payments, DeFi integration, and real-world applications while maintaining a 1:1 backing with USD and cash equivalents.
Market Capitalization Approaches $600 Million
Ripple’s stablecoin has now reached a market capitalization of $577 million. Recent data shows a sharp rise in trading activity, with RLUSD’s 24-hour volume jumping 129% to $58.34 million. The steady growth positions RLUSD among the more prominent stablecoins gaining traction in the market.
RLUSD was recently listed on PDAX, a major cryptocurrency exchange in the Philippines licensed by the country’s central bank. This move further increases access to the stablecoin in Southeast Asia. Additionally, rating agency Bluechip gave RLUSD an A rating, citing its trustworthiness and full USD backing.
Ripple Backs RLUSD With Philanthropic Use
Ripple has also introduced RLUSD in philanthropic efforts. A $25 million commitment was announced to support leading education-focused nonprofits using the stablecoin. The move aligns with Ripple’s broader strategy to integrate digital assets into mainstream use cases beyond trading.
RLUSD’s expansion fits within a larger trend in the digital asset space. The total stablecoin transfer volume reached $27.6 trillion in 2024, surpassing combined Visa and Mastercard activity. Year-on-year, the average stablecoin supply in circulation grew by around 28 percent, indicating ongoing adoption and utility.
