$100M RLUSD Mint Highlights Ripple’s Push, Puts Spotlight on XRP

Ripple’s RLUSD Stablecoin Surges Past $100M Issued as Payment Adoption Grows

Ripple’s stablecoin RLUSD is gaining serious traction, with more than $100 million minted since the beginning of April as it finds growing adoption in the digital payments space.

Two $50 million issuances — one on Tuesday and another on Wednesday — marked a significant ramp-up in RLUSD activity. This momentum follows Ripple’s move to integrate RLUSD into its enterprise payments platform. Firms like BKK Forex and iSend are among the early adopters using the stablecoin for faster and cheaper transactions.

Market watchers say RLUSD is shaping up to be a challenger to dominant stablecoins like Tether (USDT) and USD Coin (USDC), especially as Ripple leverages its existing global network.

RLUSD is issued on both the XRP Ledger and Ethereum, maintaining a 1:1 peg to the U.S. dollar. Each token is backed by U.S. dollar deposits, cash equivalents, and short-term Treasury instruments. The stablecoin uses a reserve model where tokens can be minted or burned via authorized partners to keep its value stable.

A key differentiator for RLUSD is its security-oriented “clawback” function, made possible by an amendment to the XRP Ledger earlier this year. The feature allows the issuer to recover tokens in cases of fraud or misdirected transfers — an addition designed with regulatory compliance in mind.

The stablecoin’s rise could also influence XRP demand, particularly as decentralized finance (DeFi) apps built on the XRP Ledger start integrating RLUSD into their platforms.

With rapid issuance, institutional safeguards, and real-world usage already underway, RLUSD is positioning itself as a serious contender in the increasingly crowded stablecoin space.