Ripple Mints More RLUSD as Stablecoin Market Cap Nears $300M

Ripple has minted 350,026 new Ripple USD (RLUSD) tokens, marking its first issuance in over a week. This follows last week's record-breaking minting of 100 million RLUSD tokens, signaling Ripple's aggressive push into the stablecoin market.

According to CoinGecko, RLUSD's total market cap is now nearing $300 million, highlighting rapid growth and increasing demand. The stablecoin's recent momentum is supported by several strategic developments, including its listing on Kraken, one of the world’s top cryptocurrency exchanges.

Adding further fuel to RLUSD’s rise, Ripple recently acquired prime brokerage firm Hidden Road for $1.25 billion. The deal is expected to integrate RLUSD into a suite of financial products where it will be used as collateral—enhancing its utility and adoption in institutional markets.

Ripple has set bold goals for its stablecoin, projecting that RLUSD could become one of the top five stablecoins by market capitalization by the end of 2025. This aligns with the company’s broader vision, which includes a forecast of a $18.9 trillion tokenization market by 2033.

These developments come at a time when the stablecoin landscape is heating up, with growing investor interest in digital assets offering price stability and utility across DeFi platforms and centralized exchanges. Ripple’s focused efforts to position RLUSD as a key player in this evolving ecosystem could pay off significantly.

As crypto investors continue to watch XRP, Ethereum, Solana, and Shiba Inu for price movements, RLUSD is quietly emerging as a contender in the stablecoin space—fueled by new listings, strategic acquisitions, and Ripple’s ambitious outlook for tokenized finance.