TLDR
- Ripple mints 1.8 million RLUSD tokens on XRP Ledger, nearing $800 million market cap.
- RLUSD’s trading volume rises 75%, and it re-enters the top 100 cryptocurrencies.
- Ripple expands RLUSD into Africa with partnerships to tackle remittance issues.
- Bybit exchange lists RLUSD, enhancing its accessibility and liquidity in the crypto market.
Ripple, the blockchain-based payment firm, has begun the month of October with the minting of an additional 1.8 million RLUSD tokens on the XRP Ledger. This move marks the first RLUSD mint since September 24, 2025, on the XRP Ledger, following a previous minting event on the Ethereum network on September 27. This strategic expansion of RLUSD’s supply is part of Ripple’s ongoing efforts to boost the stablecoin’s market position, with the market cap now approaching the $800 million mark.
The RLUSD stablecoin is tied to the U.S. dollar, offering a robust and reliable alternative for users in the crypto market. Ripple’s focus on RLUSD comes amid increasing demand for stablecoins, which offer stability compared to more volatile digital assets like Bitcoin and Ethereum. By minting additional tokens, Ripple is expanding the token’s availability to meet growing user demand.
RLUSD Stablecoin Market Expansion and Increased Trading Volume
Ripple’s RLUSD token has seen remarkable growth recently. The token’s 24-hour trading volume surged by 75%, a significant jump that helped the stablecoin re-enter the top 100 cryptocurrencies by market capitalization.
According to the latest reports, RLUSD is ranked 92nd, with a market capitalization of approximately $789.54 million, as per CoinMarketCap.
This growth comes at a time when the global crypto market is witnessing an uptick in stablecoin usage, with more institutions and exchanges adopting these assets for their stability and utility in financial markets. Notably, RLUSD’s listing on major exchanges such as Bybit has further increased its exposure to the global market, offering users multiple trading pairs like RLUSD/USDT, RLUSD/ETH, and RLUSD/XRP. This broadens its accessibility, providing liquidity and a more diverse range of investment opportunities for traders.
Ripple Strategic Expansion Into Africa
In addition to minting new tokens, Ripple is making strategic moves to expand RLUSD into African markets. The company has partnered with major financial institutions like Chipper Cash and Yellow Card to embed the stablecoin into existing financial rails.
This collaboration aims to address issues like expensive remittances, high inflation, and limited banking access that many African nations face.
Ripple’s RLUSD stablecoin will provide an efficient and affordable solution for cross-border transactions, particularly remittances, which are crucial for many African economies. By offering a stable, fast, and low-cost alternative to traditional fiat currencies, Ripple is positioning RLUSD to become a key player in the financial inclusion efforts across the continent. This expansion could help Ripple tap into one of the fastest-growing markets for digital finance.
Deloitte’s Role and New Exchange Listings
Ripple has also taken steps to enhance the credibility of RLUSD with a new attestation report backed by Deloitte. This report confirms that RLUSD adheres to stringent regulatory standards, ensuring transparency and security for users.
Ripple’s commitment to maintaining high regulatory standards is essential for fostering trust in the stablecoin, especially as it expands into new markets.
Furthermore, the RLUSD token’s recent listings on exchanges like Bybit and Budget further enhance its accessibility. Bybit’s addition of RLUSD trading pairs provides significant exposure to the token, making it easier for investors to participate in the growing stablecoin market. Ripple’s efforts to list RLUSD on global exchanges ensure that the stablecoin remains competitive and accessible in a rapidly evolving market.
