Ripple Stablecoin Supply Rockets in July With 122,500,000 RLUSD Minted

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Well, hold on to your hats, folks! It seems like Ripple‘s USD stablecoin, RLUSD, has been busy. How busy, you ask? A staggering 122,500,000 tokens were minted in July alone. Yes, you read that right — 122.5 million. If that doesn’t make your head spin, I don’t know what will. 💸

But wait, there’s more! In the last week, 45 million of those little beauties were minted. And get this, on July 23, the RLUSD Treasury decided to mint a casual 25,000,000 RLUSD, and just two days later, another 20,000,000 followed suit. All of this was dutifully tracked by the Ripple Stablecoin Tracker (because who wouldn’t want to track stablecoins on a Tuesday?)

So, why this explosion in supply? Well, it turns out there’s quite a demand for RLUSD, especially on exchanges and in DeFi protocols, where stablecoins aren’t just useful — they’re *crucial* for liquidity and trading volume. If you didn’t know that, don’t worry, you’re not alone. It’s almost like stablecoins are the unsung heroes of the crypto world. 🦸‍♀️

And before you ask, yes, RLUSD is backed 1:1 by USD and cash equivalents. So if you’re worried about it disappearing into the ether like some other cryptocurrencies (*cough* Dogecoin), rest easy. It’s built for DeFi, payments, and a whole host of other applications that you probably don’t use but should. But we won’t judge. 🙄

In a move that’s making crypto fans everywhere do a double-take, Ripple USD just got listed on PDAX, the Philippines’ big, fancy BSP-licensed cryptocurrency exchange. If that’s not enough to impress you, Bluechip, the rating agency, gave RLUSD an A rating, cementing it as the *most trusted* stablecoin out there. Can someone say ‘Crypto Royalty’? 👑

The RLUSD stablecoin is now getting close to a $600 million market cap, and at the time of writing, it’s sitting pretty at $577 million. Over the last 24 hours, trading volume surged by 129%, bringing in a cool $58.34 million. Apparently, people are buying what Ripple is selling, and who can blame them? 💰

Ripple Pushes RLUSD Adoption

Ripple is on a mission to make stablecoins mainstream, folks, and they’re not slowing down. They recently announced a whopping $25 million philanthropic commitment using RLUSD to fund top education nonprofits. Yes, you heard right, they’re using crypto to support education. Who would’ve thought?

For those still scratching their heads about stablecoins, here’s the lowdown: they’re digital assets that aim to keep their value as steady as a rock, typically pegged to fiat currencies like the USD or EUR. This stability makes them a *great* alternative to the wild volatility that other cryptocurrencies seem to thrive on. Imagine buying a coffee with crypto without worrying that it’ll cost 20% more by the time you get to the counter. 🙃

It’s not just for your morning latte, though. Stablecoins are getting increasingly popular for remittances and other use cases. The average supply of stablecoins has increased by about 28% year-on-year, and in 2024, the total amount of stablecoin transfers reached $27.6 trillion. To put that into perspective, that’s more than the combined transaction volume of Visa and Mastercard. Let that sink in. 🧐

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2025-07-28 17:45