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Following
XRP 
RLUSD Ripple's bold move: Minted 10 million RLUSDs on the XRP ledger
Ripple minted 10 million RLUSDs on the XRP ledger (XRPL). Although the pace of trading slowed in early September, the move highlighted the strong momentum of RLUSD supply, which has exceeded the US$1 billion mark. Currently, the amount of RLUSD circulating on the Internet is approximately US$1.053 billion.
Casting and destruction dynamics in September
Throughout September, except at the beginning of the month, RLUSD activity fluctuated relatively limited. On September 1, the XRP ledger was issued on a large scale, with a total of 143.1 million RLUSDs minted and 7.2 million RLUSDs destroyed. Trading volume was relatively low in the following days.
It is worth noting that on September 10, no new RLUSDs were generated on the XRP ledger, but 1.5 million RLUSDs were destroyed. Issuance resumed on September 11, with 21.9 million RLUSD entering circulation, and 387,000 removed. The trend in the last week also reflected a similar situation in Ethereum: no RLUSD was minted on September 10, and only 528,000 were issued the next day, showing a parallel slowdown trend.
According to an account that monitors Ripple stablecoin activity,"The latest minting activity on the XRP ledger is accompanied by the issuance of 10 million RLUSDs."
The future direction of RLUSD
In fact, RLUSD has found additional application scenarios by integrating it into the Sparks stablecoin foreign exchange layer of Uniswap V4. The trading pair (RLUSD/USDS) recorded more than US$600 million in its first week of opening, marking the token's expansion from the Ripple ecosystem into the decentralized finance (DeFi) space.
In addition, Clearpool is migrating its core infrastructure from Ethereum to XRP ledgers. As Ripple's online credit partner, Clearpool is working with Cicada Partners to establish an institutional credit fund designed to provide financing to fintech and payment companies. Settlement and payment plans will be exclusively conducted using RLUSD.
Despite the slowdown in the initial trading pace, the supply of RLUSD remained above US$1 billion. The integration of the token in decentralized financial platforms highlights its growing use cases. Clearpool's infrastructure migration initiatives also demonstrate the growing market confidence in XRP ledgers.
RLUSD was originally launched in December 2024 by Standard Custody & Trust Company, a Ripple affiliate that holds a limited purpose trust company license authorized by the New York State Department of Financial Services (NYDFS). This framework emphasizes Ripple's commitment to a stricter regulatory approach, drawing on the trust license model, independent periodic audits, segregated reserves, active NYDFS oversight, and pending federal license levels.
