Ripple Treasury Mints 19M RLUSD as Stablecoin Market Slows

Ripple has resumed minting its RLUSD stablecoin after a 49-day pause, with 19 million new tokens issued over the past 48 hours. According to Ripple Stablecoin Tracker on X, the first batch of 12 million RLUSD was minted on June 13, followed by an additional 7 million on June 14. The last minting prior to this occurred on April 25, 2025, marking a long stretch of inactivity amid rising volatility in the broader crypto market.

Despite this fresh issuance, RLUSD’s trading volume has dropped sharply—down 68.96% to $62.26 million—indicating lukewarm market response. The broader crypto market is experiencing a notable decline in activity, with overall trading volume falling 40.64% in the past 24 hours. Major cryptocurrencies like Bitcoin, Ethereum, and XRP have all seen price declines, driven by global macroeconomic uncertainty and ongoing geopolitical tensions.

The renewed RLUSD minting could signal strategic preparation by Ripple Treasury for a potential market recovery. By increasing the supply during a downturn, Ripple may be positioning RLUSD to meet demand when investor confidence returns. Stablecoins like RLUSD typically see heightened interest during volatile periods, but current conditions have muted even that trend.

The move also follows recent milestones for Ripple’s stablecoin, including a key regulatory approval in Dubai and a listing on a major exchange valued at over $7 billion. These developments suggest a long-term growth strategy, even as short-term demand remains subdued.

As the market looks for signs of stabilization, Ripple’s proactive supply increase may help RLUSD gain traction in future cycles. Investors will be watching closely to see if RLUSD usage rebounds alongside the broader crypto recovery.