Ripple Expands RLUSD Stablecoin Supply Past $2 Billion

Ripple has significantly increased the issuance of its RLUSD stablecoin, minting tens of millions of tokens on both the XRP Ledger and Ethereum recently. This surge has pushed the total RLUSD supply above $2 billion, with about 56% on Ethereum and 44% on the XRP Ledger.

The expansion highlights Ripple's efforts to scale liquidity for RLUSD, which is important for payments, decentralized exchanges, and lending on these networks. The stablecoin's growing supply reflects its rising market presence and Ripple's strategic focus on expanding its use cases.