Ripple is accelerating the minting of its RLUSD stablecoin, with millions of tokens created across the XRP Ledger and Ethereum in recent days. The total supply has now passed $2 billion, a clear sign the company is pushing the dollar-pegged asset into wider use.
Minting on two networks
Ripple has been issuing RLUSD on both the XRP Ledger and Ethereum. The exact number of tokens minted in the latest batch isn't public, but the company has been steadily increasing output. The two networks are the primary homes for the stablecoin, and the recent activity suggests Ripple is treating both as equal partners in the rollout. On-chain data shows the minting is happening in real time, with new tokens appearing in regular intervals.
Supply crosses $2 billion
The $2 billion mark is a round number, but it's also a meaningful one. RLUSD has been growing quickly since its launch, and crossing that threshold puts it in the same conversation as some of the larger dollar-pegged tokens. Ripple hasn't said when it expects to hit the next milestone, but the pace of minting shows no sign of slowing. The supply has been climbing steadily, and the latest minting pushes it past the $2 billion threshold.
A dollar-pegged asset
RLUSD is designed to trade at $1. That's the whole point. The token is backed by reserves, though Ripple hasn't published a detailed breakdown of what those reserves hold. For now, the peg is holding, and the expansion is happening without any reported wobble. The stablecoin is meant to be used for payments and trading, and its growth suggests Ripple is betting big on the sector.
The peg test
The real test comes as supply grows. More tokens in circulation means more pressure on the mechanism that keeps RLUSD at $1. Ripple has been through this before with other products, but stablecoins are a different beast. The next few weeks will show whether the minting pace holds and whether the peg stays firm. Ripple hasn't announced a cap on RLUSD supply, so the growth could continue.
