A Ripple minted 28.2 million Ripple USD (RLUSD) tokens in the past 24 hours

This significant increase, the largest since the launch of RLUSD in December 2024, brings the token's total market cap to an impressive $169 million

The cryptocurrency market cap shared by the Ripple Stablecoin Tracker account on the X platform shows that Ripple minted 28,2 million Ripple USD (RLUSD) tokens in the past 24 hours.

This significant increase, the largest since the launch of RLUSD in December 2024, brings the token’s total market cap to an impressive $169 million, and it has seen the supply of the token double in less than two months.

At press time, RLUSD is trading at $0,9994, up 0.1% over the past 24 hours. Yesterday, the token peaked after breaking the $1 barrier but subsequently retraced.

The data shows that the majority of RLUSD is issued on the Ethereum network, with a minting of 125,64 million tokens while 44,05 million are on the XRP Ledger (XRPL). In this sense, the supply of RLUSD has more than doubled in a period of six weeks.

This increase in token issuance comes on the heels of Ripple receiving approval from the Dubai Financial Services Authority (DFSA) last week. Since the license announcement, the company has minted over 34 million tokens on the XRPL and Ethereum networks, demonstrating the company’s rapid response to new regulatory opportunities.