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Ripple Stablecoin Supply Rockets in July With 122,500,000 RLUSD Minted

Mon, 28/07/2025 - 14:12
Ripple USD stablecoin volume has skyrocketed 129% in last 24 hours
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Ripple Stablecoin Supply Rockets in July With 122,500,000 RLUSD Minted
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Ripple USD stablecoin, RLUSD's, supply expanded in July, with 122,500,000 tokens minted so far in the month.

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In the past week, 45 million were minted alone, with 25,000,000 RLUSD minted at RLUSD Treasury on July 23; 20,000,000 RLUSD were minted on July 25, according to Ripple Stablecoin Tracker.

The increase in supply highlights the growing demand for RLUSD on exchanges and DeFi protocols, where stablecoins play a critical role in liquidity and trading volume.

RLUSD is fully backed 1:1 by USD and cash equivalents and is built for DeFi, payments and applications.

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Ripple USD has recently been listed on PDAX, the Philippines' major BSP-licensed cryptocurrency exchange. Bluechip also gave RLUSD an A rating, recognizing it as the most trusted stablecoin on the market.

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The market capitalization of the RLUSD stablecoin is approaching $600 million, currently at $577 million. In the last 24 hours, Ripple USD trading volume increased by 129% to $58.34 million.

Ripple pushes RLUSD adoption

Ripple is helping to make stablecoin use mainstream for a wider range of applications. In a first-of-its-kind initiative, Ripple recently announced a $25 million philanthropic commitment using RLUSD to fund leading education nonprofits.

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Stablecoins are digital assets that aim to maintain a steady value. They are typically tied to fiat currencies such as USD or EUR, which minimizes the volatility that other cryptocurrencies are known for, providing a stable and viable alternative for everyday transactions.

Stablecoin remittances as a use case are contributing to a general increase in stablecoin adoption, with the average supply of stablecoins in circulation increasing by approximately 28% year-on-year. The total amount of stablecoin transfers reached $27.6 trillion in 2024, surpassing Visa and Mastercard's combined transaction volume.

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