Ripple minted 10 million RLUSD as stablecoin legislation gains momentum in the U.S.
XRP holders see gains, with nearly 79% of wallets now in profit.
Market activity suggests rising demand for stablecoin services and crypto IPOs.
Ripple has minted 10 million RLUSD at the RLUSD Treasury, as shown by data from the Ripple Stablecoin Tracker. The minting comes at a time when interest in stablecoins continues to grow amid ongoing U.S. regulatory discussions.
This progress is consistent with the legislative track of the Genius Act, the bill that proposes to provide digital assets and stablecoins with a regulatory framework. Industry analysts and policymakers have also shown interest in the bill that is likely to transform digital finance in the coming two years. Market analysts say the bill’s impact could expand the use of stablecoins like RLUSD and support related infrastructure.
Financial figures, including John E. Deaton and Brad Garlinghouse, believe the market capitalization of stablecoins could grow significantly. Estimates suggest the sector could reach a value of $2–3 trillion over the next five years, as stablecoin adoption increases.
Growing Activity Across Ripple and XRP Ecosystem
Alongside RLUSD’s minting, on-chain metrics indicate increased activity in the Ripple ecosystem. Glassnode data shows that 78.8% of XRP holders are currently in profit. This shift may signal growing confidence among investors and may support higher transaction activity on the XRP Ledger.
XRP is trading slightly below $2.20, with wallet profitability contributing to a rise in user engagement. Active addresses on the network have also increased, which often reflects sustained demand. The timing of RLUSD minting suggests Ripple may anticipate further utility for the stablecoin in payment and settlement use cases.
The company’s action appears to support a broader effort to enhance regulated financial products on its network, positioning RLUSD as a tool for future growth.
Stablecoin Expansion and Crypto IPO Momentum
The stablecoin sector is also attracting institutional interest. Circle, issuer of USDC, has seen rapid valuation increases and now approaches a \$40 billion market cap. Ripple and other firms, including Kraken and Gemini, are reportedly preparing for public offerings as investor sentiment improves.
The Genius Act and related regulatory clarity may open the door for more firms to scale operations. As stablecoin adoption grows, infrastructure providers are expected to expand services to meet demand.Ripple’s strategic move with RLUSD signals its readiness to serve a more regulated digital economy while leveraging new legislation to drive adoption.
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