Gemini Tags Ripple Community in Newly Minted 150 Million RLUSD

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Fresh Ripple USD stablecoins (RLUSD) amounting to 150,000,000 RLUSD, which were recently minted at the Treasury, have been traced to Gemini Exchange. According to XRPL validator Vet, the minting came just after the exchange redeemed 128 million RLUSD on XRP Ledger. Advertisement Liquidity testing or demand surge behind RLUSD activity? Notably, the fresh minting by the Ripple Treasury was done in two batches of 92.3 million RLUSD and 58.2 million RLUSD. The successful minting and transfer to Gemini confirms that the exchange maintains 1:1 USD reserves in a Ripple-controlled account for minting. Vet could not explain the reason Gemini exchange initially redeemed the 12 million RLUSD before the recent 150 million RLUSD. It is possible that the exchange was engaging in liquidity testing to assess the mint and burn infrastructure and how quickly Ripple could respond to its requests. Now Gemini minted 150,000,000 $RLUSD on the XRP Ledger with Ripple. This means Gemini has 1:1 the USD liquidity in a Ripple controlled bank account, to mint this amount. I can't tell exactly the motivation or goal behind this sequence of events. But Ripples mint/redeem engine… https://t.co/q2gF9LpHDK pic.twitter.com/WYVYNHBs84 — Vet (@Vet_X0) April 1, 2026 Additionally, Gemini might have experienced a demand surge shortly after burning the initial 128 million RLUSD previously. In any case, Vet noted that the transaction confirms that "the Ripple mint/redeem engine for RLUSD works great." The XRPL validator acknowledged that funds are swiftly sent to distribution accounts to fund customers. The development suggests that institutions are actively interacting with RLUSD infrastructure because of its efficiency. For their part, liquidity providers like Gemini are testing the blockchain infrastructure, while XRPL is being used for stablecoin settlement. Overall, it signals bullish infrastructure growth for the Ripple, which has sparked mixed reactions among community members. While some consider this a confirmation of "Ripple's stablecoin infrastructure firing on all cylinders," others are not impressed. A user, Evelyn Anderson, observed that minting 150 million RLUSD does not prove strength; rather, it is evidence of capacity. She argues that without real demand, the minted RLUSD is just numbers on the blockchain. RLUSD growth Strategy targets $2 billion market cap You Might Also Like Thu, 04/02/2026 - 07:45 Coinbase Exec Optimistic About Clarity Act By Alex Dovbnya Although the reason for Gemini’s initial burn of 128 million RLUSD remains unknown, it is consistent with Ripple’s overall strategy. Over the last 16 months since the launch of RLUSD, Ripple’s USD stablecoin desk has been maintaining a strict supply control and balance. It has regularly conducted burn and mint exercises, only to repeat the entire process again. This strategy supported its break into the top 100 crypto assets less than 10 months after it hit the market. It also ensured that RLUSD maintained an average of about $150 million in daily volume at the time. The growth trajectory of RLUSD continues to impress market observers as it has set its sights set on hitting $2 billion in market cap soon. #RLUSD #Gemini