Ripple Expands RLUSD Supply Amid Surging Institutional Demand

Ripple has expanded its stablecoin's circulating supply by minting 10 million RLUSD on the XRP Ledger. This move comes as institutional demand for the asset surges, with a market valuation of $1.71 billion and daily trading volume exceeding $58 million across verified institutional venues.

The transaction was processed on August 17 with an extremely low fee of 0.000405 XRP, demonstrating the efficiency of the underlying ledger network.

RLUSD's growing use in corporate settlements and cross-border liquidity reinforces its role in wholesale digital asset markets, where stablecoins are increasingly replacing slower and more expensive wire transfer methods.

Ripple backs all RLUSD assets with cash equivalents, short-term government treasuries, and liquid bank deposits, ensuring price stability while maintaining the speed of distributed blockchains.