Ripple's RLUSD Supply Surges Past $2 Billion

Ripple is rapidly expanding its RLUSD stablecoin supply, issuing tens of millions of tokens in recent days. According to data from the Ripple Stablecoin Tracker account on X, 11 million RLUSD was minted at the RLUSD Treasury over the past two hours on August 31.

A separate transaction involving 11 million RLUSD was also recorded as burned at the treasury around the same time. This follows a series of large RLUSD treasury operations over the past several days, with Ripple adjusting the stablecoin's supply across its two principal networks, the XRP Ledger and Ethereum.

The RLUSD supply on the XRP Ledger exceeded $1 billion on August 28, and market trackers currently place total RLUSD supply at roughly $2.35 billion, with approximately $1.31 billion on Ethereum and $1.04 billion on the XRP Ledger. Ripple's transparency page reported $1.87 billion in circulating RLUSD and $1.98 billion in reserve funds as of August 20.