TLDR
- Ripple unlocked one billion XRP in February and later locked back 700 million XRP into escrow.
- Ripple transferred about 309 million XRP to major cryptocurrency exchanges, including Binance, Bitgo, and Coinbase.
- The transferred XRP supported exchange-traded funds, trusts, and other investment products.
- Ripple also sent around 100 million XRP to Ripple Pay corridors to provide payment liquidity.
- Ripple minted 69 million and 19.655 million RLUSD, with part issued to a Gemini-linked wallet.
Ripple moved hundreds of millions of XRP in February after unlocking its monthly escrow allocation. Data from @XRPwallets outlined how the company distributed part of the one billion XRP release. The report detailed transfers to exchanges, payment corridors, and investment products.
XRP Escrow Activity and Exchange Transfers
Ripple unlocked one billion XRP at the start of February under its regular escrow schedule. The company later locked back 700 million XRP into escrow, according to @XRPwallets. The account stated that Ripple has followed this pattern since early 2018.
In February, Ripple transferred about 309 million XRP to major cryptocurrency exchanges. The largest portion, 300 million XRP, went to Binance. Ripple also sent five million XRP to BitGo and four million XRP to Coinbase.
@XRPwallets reported that those exchange transfers supported XRP exchange-traded funds, trusts, and other investment products. The account wrote that the distributed coins “eventually went to XRP ETFs, XRP trusts and other investments.” The data linked the movements directly to exchange addresses.
Ripple also directed around 100 million XRP to Ripple Pay corridors. The company uses those corridors to provide liquidity for cross-border payments. Ripple Pay previously operated under the name On-Demand Liquidity.
The report confirmed that Ripple repeated the same escrow pattern in March. The company unlocked one billion XRP and later returned 700 million XRP to escrow. @XRPwallets shared both February and March escrow updates on X.
RLUSD Minting and Gemini Collaboration
@XRPwallets also tracked fresh minting activity involving Ripple’s stablecoin, RLUSD. According to @RL_Tracker, Ripple minted 69,000,000 RLUSD and 19,655,000 RLUSD on Monday. The tracker described the 69 million issuance as the largest RLUSD mint so far.
The account stated that Ripple issued the 19,655,000 RLUSD batch to a wallet linked to Gemini. @XRPwallets wrote that the wallet belongs to the Winklevosses’ cryptocurrency exchange. The transaction formed part of a collaboration between Ripple and Gemini announced in November 2025.
February 2026 Ripple Holdings/Escrow to External Tracking
▫️ [ETPs, Trust, Other Investments]
🔽300M XRP thru Binance
🔼5M Bitgo Init
🔼4M CB🔼99.7985M XRP sent to ODL
corridor🔽408.7986M Total Outbound (Not all Inclusive) 🚨🚨🚨 https://t.co/75C51V3XQc
— XRP_Liquidity (ETF 1Y 39.8B = Max 54.4B) (@XRPwallets) March 3, 2026
Ripple and Gemini said they would use Mastercard and WebBank to support the initiative. The companies planned to implement RLUSD settlements on the XRP Ledger for fiat card payments. Their first product under the partnership was the Gemini XRP Credit Card.
The collaboration aimed to enable faster and transparent settlement within the traditional financial system. Gemini intended to process card payments using RLUSD on the XRP Ledger. @XRPwallets connected the recent mint to that previously announced plan.
Ripple has continued its monthly escrow releases since 2018. In both February and March, the company locked back 700 million XRP after each one billion XRP unlock. @XRPwallets published the latest escrow and minting details earlier today.
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