XRP News Today: Ripple’s RLUSD Stablecoin Volume Jumps 30%

by

Title: “Ripple‘s Secret Minting Move: Is Something Big About to Go Down?”

<a href="https://bbg-news.com/xrp-usd/">XRP</a> News Today: Ripple’s <a href="https://bbg-news.com/rlusd-usd/">RLUSD</a> Stablecoin Volume Jumps 30%

Well now, folks, gather ’round. Ripple—the fine folks known for their lightning-fast, dirt-cheap cross-border transactions—have done something rather peculiar. They’ve gone and minted themselves a nice little batch of 12 million RLUSD tokens, their own stablecoin pegged to the good ol’ U.S. dollar. And here’s the kicker: they’ve been awfully quiet for the last month. Silence like a mouse on sedatives.

So, what’s the deal? Why this sudden outburst of token-making? Could it be coincidence? Maybe. But, here’s the twist: the U.S. Senate is all set to vote on the GENIUS Act on June 17. That’s a bill that could very well turn stablecoins into the toast of the crypto world. I tell ya, it’s like Ripple’s got a crystal ball in their back pocket.

So, are they cooking up something big? Or is this just their way of showing us they know what’s coming down the pike? Well, let’s dig in and see if we can’t figure that out.

Why Ripple Decided to Mint 12 Million Tokens Right Now

Now, according to the Ripple Stablecoin Tracker, our trusty guide in these matters, Ripple went ahead and minted 12 million shiny new RLUSD tokens over the last 24 hours. Keep in mind, they hadn’t created a single token for over a month. And just like that, they’re back at it, like a kid in a candy store.

12,000,000 #RLUSD minted at RLUSD Treasury.

— Ripple Stablecoin Tracker (@RL_Tracker) June 13, 2025

Now, let’s back up a bit. In April and May, Ripple was on a minting spree. They churned out 38 million tokens in a single day, just to take a breather and let the market settle down. Like a chef letting the roast rest before slicing it up. All this to make sure RLUSD didn’t get too out of hand. A little breathing room for the digital dollar, you see.

So, why the sudden rush now? That’s the million-dollar question, my friends. Could it have something to do with the U.S. Senate vote on the GENIUS Act coming up? You betcha. Ripple’s sudden token minting could very well be a wink and a nod that they believe the bill is going to pass, bringing stablecoins like RLUSD into the legal fold. And with that clarity, well, the market could finally get the green light to go full throttle.

What in the Sam Hill is RLUSD?

Now, if you’re scratching your head wondering what RLUSD even is, don’t fret. RLUSD is Ripple’s very own stablecoin, designed to hold steady at the value of the good ol’ U.S. dollar. You know, for those who want to use crypto without worrying if their money is worth more than a stack of IOUs. It’s meant to make sending money, trading, and using crypto a little less scary, without the wild price swings of the rest of the crypto jungle.

Most of these RLUSD tokens hang out on the Ethereum blockchain, but don’t get too comfy because some of them also like to party over on Ripple’s XRP Ledger. The digital world is a funny place, ain’t it?

RLUSD Volume Shoots Up by 30%

And what do you know? Ripple’s minting frenzy has already had an effect. Trading volume for RLUSD is up by a whopping 30%, hitting $179 million in just one day. It’s like when you toss a stone into a pond, and suddenly, there’s a wave. Now, RLUSD’s total supply is sitting pretty at 405 million tokens. Of that, 70% are hanging out on Ethereum, and the rest are having a grand old time on Ripple’s chain.

If that GENIUS Act passes, we might be looking at a real turning point for U.S. crypto regulation. And Ripple? They’re getting their ducks in a row, just in case.

Read More

2025-06-14 09:53