RLUSD Minting Reaches 1,050,000 as Ripple Expands Stablecoin Utility

• Ripple has minted 1,050,000 RLUSD tokens at the RLUSD Treasury, reinforcing its growing stablecoin presence in the digital payments market.
• RLUSD is gaining institutional traction with a December 2024 reserve report confirming its backing by U.S. Treasury Bills and cash deposits.
• Ripple’s partnership with Ondo Finance enables tokenized U.S. Treasuries on the XRP Ledger, expanding RLUSD’s role in institutional finance.

Ripple has minted 1,050,000 RLUSD tokens at the RLUSD Treasury, according to the X Community account Ripple Stablecoin Tracker. This development highlights the growing issuance of Ripple’s enterprise-grade stablecoin, designed to maintain a 1:1 peg with the U.S. dollar. The latest minting further reinforces RLUSD’s expanding role in the digital payments ecosystem.

RLUSD Utility Expands With Institutional Adoption

After launching on 17 th of December, RLUSD has positioned itself as a stablecoin that is designed to increase the effectiveness of payments. Launched on both the XRP Ledger (XRPL) and the Ethereum blockchains, it is optimized for interaction with smart contracts. Recent developments from Ripple point towards increasing concentration on institutional markets with RLUSD to be incorporated into Ripple Payments by the end of this year.

The latest RLUSD Reserve Report for December 2024 has also been released, offering transparency into the assets backing the stablecoin. The reserves include U.S. Treasury Bills, government money market funds, and cash deposits, ensuring stability for institutional users.

Ripple Partners With Ondo Finance for Tokenized Treasuries

Ripple’s collaboration with Ondo Finance marks another step in expanding RLUSD’s practical applications. The partnership aims to introduce OUSG, a tokenized U.S. Treasury fund, to the XRP Ledger. Institutional investors will gain access to Ondo’s Short-Term U.S. Government Treasuries (OUSG), backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This integration allows 24/7 issuance and redemption using RLUSD, positioning the stablecoin as a key asset in institutional finance.

Stablecoin Market Shifts Toward Compliance and Quality

The stablecoin sector is expected to undergo consolidation in 2025, favoring issuers with institutional backing and compliance frameworks. Jack McDonald, Ripple’s Senior Vice President of Stablecoins, predicts a shift toward regulated stablecoins as financial institutions seek reliable digital asset solutions. The growing demand for transparency and regulatory adherence is likely to define the competitive landscape.

With Ripple continuously expanding RLUSD’s use cases, the stablecoin is positioning itself as a critical player in the evolving digital payments market. As stablecoins gain further adoption, RLUSD’s role in financial transactions is set to increase.