Ripple's RLUSD Eyeing $1.5 Billion Milestone with Fresh Mints

Ripple’s U.S. dollar-pegged stablecoin, $RLUSD, is closing in on a significant valuation milestone.

Following a fresh injection of liquidity on Monday, $RLUSD’s market capitalization has surged to approximately $1.39 billion, putting the $1.5 billion target firmly within striking distance.

Data from the Ripple Stablecoin Tracker (@RL_Tracker) confirmed the latest expansion of the supply, reporting that 28,200,000 $RLUSD were minted at the $RLUSD Treasury earlier today.

The steady issuance suggests that institutional demand for Ripple's compliance-first stablecoin remains robust.

The steady expansion of the $RLUSD supply is largely attributed to Ripple’s newly launched "Ripple Treasury." Unveiled in late January following the acquisition of GTreasury, this platform integrates $RLUSD directly into corporate cash management workflows.

Unlike retail-focused stablecoins, $RLUSD is being minted to service specific institutional demands—specifically, 3-to-5-second cross-border settlements that replace multi-day wire transfers.

The 28.2 million $RLUSD minted today likely shows that corporate partners are actively utilizing this liquidity for real-time settlement, even as speculative asset prices falter.

The Binance effect

January also saw $RLUSD achieve a critical liquidity milestone: a spot listing on Binance.

The integration into the world's largest exchange unlocked deep liquidity pairs ($RLUSD/USDT and XRP/$RLUSD), driving 24-hour trading volumes to over $363 million.

This accessibility has transformed $RLUSD from a purely settlement-layer asset into a viable trading counterparty for global investors.