October 13th 2026, 3:26 PM
Ripple Treasury Sees Record RLUSD Stablecoin Mintage Amid Institutional Uptake
Key Summary
Ripple has minted a record volume of RLUSD stablecoin, driven by increased treasury activity and institutional uptake, with 38.6 million tokens newly minted in recent transactions, according to the Ripple Stablecoin Tracker. The recent minting news comes after Standard Chartered launched institutional custody for RLUSD on the XRP Ledger and partnered with Ripple and LMAX Group to use RLUSD as eligible trading collateral.
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Introduction
Ripple has minted a record volume of RLUSD stablecoin as it sees an uptick in treasury activity and institutional uptake.Recent Transactions
According to the Ripple Stablecoin Tracker, another 19.6 million RLUSD tokens, equivalent to $19.6 million, have been minted on the RLUSD Treasury Ethereum.Institutional Uptake
The recent minting news comes after British banking giant Standard Chartered launched institutional custody for RLUSD on the XRP Ledger and partnered with Ripple and LMAX Group to use RLUSD as eligible trading collateral.Market Impact
Currently, RLUSD has a market cap of around $2.42 billion, as per CoinGecko, making it one of the largest stablecoins pegged to the U.S. dollar.Conclusion
The recent minting and institutional uptake of RLUSD demonstrate the growing adoption of stablecoins in the mainstream finance sector.#Ripple#US#Stablecoins#Crypto