Ripple Accelerates RLUSD Mints on XRPL
Analysis
Price Impact
MedThe accelerated minting and rapid growth of rlusd's market cap to over $1.2 billion, positioning it as the 12th largest usd stablecoin globally, signifies increasing utility and adoption for the xrp ledger ecosystem. this positive development could indirectly boost confidence and demand for xrp, as it enhances the network's overall value proposition.
Trustworthiness
HighThe information is sourced from reputable trackers (ripple stablecoin tracker, coingecko) and provides specific, dated figures for minting events and market cap milestones, indicating high factual accuracy.
Price Direction
BullishThe significant growth of rlusd's market cap and its rapid ascent in stablecoin rankings indicates increasing activity and trust within the xrp ledger ecosystem. this fundamental growth suggests a stronger and more active network, which is a long-term positive driver for xrp, potentially leading to increased demand and utility.
Time Effect
LongThe development and adoption of a stablecoin within an ecosystem are fundamental growth factors that build long-term utility and network effects, rather than triggering immediate, drastic price movements for the underlying asset. its impact will be realized over an extended period as the ecosystem matures.
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Cover image via www.freepik.com Read U.TODAY on Google News Steady minting Moving up the rankings Advertisement According to the data provided by Ripple Stablecoin Tracker, Ripple has minted another 10 million RLUSD on the XRP Ledger. According to the data provided by CoinGecko, the market cap of RLUSD currently stands at $1.26 billion. Steady minting On Oct. 22, the treasury executed a substantial mint of 24.5 million RLUSD. Just six days later, on Oct. 28, another 5 million RLUSD entered circulation, followed within three days by an even more notable issuance: 36 million RLUSD on Oct. 31. HOT Stories Ripple Accelerates RLUSD Mints on XRPL XRP Price Forms Golden Cross, Shiba Inu Makes 1.36 Trillion SHIB Comeback, Legendary Trader Brandt Reveals ‘Dead Cat’ on Bitcoin (BTC) Chart – Crypto News Digest Bitcoin (BTC) Prints Insane 36,380% Liquidation Imbalance Bitcoin Suddenly Reclaims $90K. Shortest Bear Market Ever? November took that trajectory and pulled it sharply upward. On Nov. 3, Ripple minted a massive 50 million RLUSD, coinciding with the moment RLUSD officially crossed the $1 billion market cap threshold across Ethereum and the XRP Ledger. Advertisement The activity didn’t taper off. On Nov. 19, an additional 2 million RLUSD was minted. And most recently, on Nov. 25, the treasury produced a large 15 million RLUSD mint. Moving up the rankings Ripple’s RLUSD has quietly but decisively slipped into the stablecoin big league. With a market cap of roughly $1.25 billion, it now sits in the same statistical neighborhood as long-established mid-tier dollar tokens. The global stablecoin landscape is brutally top-heavy: USDT and USDC dominate with a combined $260 billion in capitalization. There is also a second tier of multi-billion-dollar entrants (USDS, Ethena’s USDe, DAI, PYUSD) that are perceived as formidable competitors. RLUSD has not yet joined that second tier, but it now anchors the very top of the third tier. At rank #84, it has overtaken dozens of legacy stablecoins that once defined the market’s mid-section, including TUSD, GUSD, and USDD. RLUSD is now positioned as the 12th-largest USD stablecoin globally. #Ripple News #RLUSD