Ripple has minted an additional 14 million RLUSD tokens on the Ethereum blockchain, elevating the stablecoin’s market capitalization by 3.09% to approximately $469.22 million, nearing the $500 million milestone. This issuance underscores Ripple’s strategic efforts to scale liquidity for its dollar-pegged asset amid growing institutional adoption.
The move follows Dubai’s regulatory approval granting RLUSD legal status in the region, significantly enhancing its utility in Middle Eastern markets. Trading volumes initially surged 260% but later retracted by 59%, reflecting typical market volatility. Post-SEC settlement, Ripple is prioritizing RLUSD as a compliant enterprise-grade solution for cross-border payments and financial operations, leveraging its settlement efficiency.
Future development plans include deepening liquidity pools and integrating RLUSD with Ripple’s global payment network to streamline international transactions. The expansion solidifies RLUSD’s position as a scalable settlement layer for institutional use cases.