- Regular minting
- Transferring up the rankings
Based on the info offered by Ripple Stablecoin Tracker, Ripple has minted one other 10 million RLUSD on the XRP Ledger.
Based on the info offered by CoinGecko, the market cap of RLUSD at the moment stands at $1.26 billion.
Regular minting
On Oct. 22, the treasury executed a considerable mint of 24.5 million RLUSD. Simply six days later, on Oct. 28, one other 5 million RLUSD entered circulation, adopted inside three days by an much more notable issuance: 36 million RLUSD on Oct. 31.
November took that trajectory and pulled it sharply upward. On Nov. 3, Ripple minted a large 50 million RLUSD, coinciding with the second RLUSD formally crossed the $1 billion market cap threshold throughout Ethereum and the XRP Ledger.
The exercise didn’t taper off. On Nov. 19, a further 2 million RLUSD was minted. And most lately, on Nov. 25, the treasury produced a big 15 million RLUSD mint.
Transferring up the rankings
Ripple’s RLUSD has quietly however decisively slipped into the stablecoin large league.
With a market cap of roughly $1.25 billion, it now sits in the identical statistical neighborhood as long-established mid-tier greenback tokens.
The worldwide stablecoin panorama is brutally top-heavy: USDT and USDC dominate with a mixed $260 billion in capitalization.
There’s additionally a second tier of multi-billion-dollar entrants (USDS, Ethena’s USDe, DAI, PYUSD) which are perceived as formidable rivals.
RLUSD has not but joined that second tier, nevertheless it now anchors the very prime of the third tier. At rank #84, it has overtaken dozens of legacy stablecoins that when outlined the market’s mid-section, together with TUSD, GUSD, and USDD.
RLUSD is now positioned because the Twelfth-largest USD stablecoin globally.