RLUSD Supply Reaches US$1.71 Billion, Ripple Mints 30 Million Tokens in a Day

Ripple has again increased the supply of RLUSD on the XRP Ledger by minting US$30 million in a single day. This activity occurred as the supply of RLUSD reached approximately US$1.71 billion, showing that Ripple's stablecoin continues to grow as part of the company's digital asset infrastructure.

Ripple Mints 30 Million RLUSD in Five Hours

Network activity data shows that Ripple minted RLUSD through two transactions on August 17, 2026. The first transaction was worth US$10 million and recorded at 03:21 UTC, followed by a US$20 million issuance at 08:56 UTC.

Thus, Ripple minted a total of US$30 million RLUSD within roughly five hours. This activity also continues a pattern of previous issuance. On August 14, Ripple minted an additional US$30 million RLUSD on the XRP Ledger through two transactions.

TheStreet reported that data from RL Tracker confirmed both transactions. At the same time, CoinGecko data placed the RLUSD circulating supply at around 1.711 billion tokens, with a market cap of approximately US$1.71 billion and a 24‑hour trading volume of about US$58 million.

These numbers show the scale of RLUSD, which is already much larger than at its early launch phase. However, one thing should be noted before considering the US$30 million issuance as direct evidence of surging demand.

Read Also: Understanding RLUSD and XRP: 1:1 Stablecoin – The Difference from XRP

Minting RLUSD Does Not Always Mean New Demand

In the stablecoin mechanism, the term minting refers to the process of issuing new tokens. Ripple can mint RLUSD when it needs additional supply for transaction, liquidity, or payment settlement needs.

Tokens that have been minted can also be redeemed and then burned. Therefore, looking only at the number of tokens minted is not enough to measure demand growth.

The 30‑day data prior to August 17 provides a more interesting picture. According to TheStreet, Ripple minted about US$449.3 million RLUSD on the XRP Ledger, but burned about US$448.9 million during the same period. That means nearly 99% of the issued tokens were removed from circulation.

Read Also: What Is XRP Coin: Definition, History, and Differences from Ripple

This pattern indicates that part of RLUSD activity on the XRP Ledger may relate to fast‑turnaround transaction settlement needs. Tokens are minted for specific purposes, used in transfer or settlement processes, and then redeemed.

In other words, the US$30 million RLUSD minted on August 17 does not automatically mean there is US$30 million in new demand from investors. Instead, burn data is an important part of reading the actual situation.

Source: Ripple

XRP Ledger Becomes the Settlement Path for RLUSD

The difference in activity between the XRP Ledger and Ethereum is also interesting to note.

In the same 30‑day period, TheStreet noted that about US$403 million RLUSD was minted on Ethereum, while the burned tokens reached US$177.3 million. This resulted in a net supply addition of more than US$225 million on Ethereum.

That pattern is different from the XRP Ledger, which recorded almost balanced minting and burning values.

This difference provides a picture of how Ripple manages RLUSD distribution across different networks. The XRP Ledger appears to be used more for settlement activities that require rapid token turnover, while Ethereum absorbs more supply that stays on the network.

Read Also: Ripple Adds Korean Bank Partner, What Is the Impact on XRP Price?

This aligns with Ripple's strategy to continue expanding the use of RLUSD for institutional needs. The stablecoin is designed as a digital asset that tracks the US dollar and is used for various payment and financial transaction needs.

Ripple also reported that as of August 6, 2026, RLUSD reserve assets reached approximately US$1.7026 billion. These reserves consist of cash, cash equivalents, and short‑term US Treasury securities, with the reserve value exceeding the circulating supply on that date.

For the market, reserve figures are an important factor because they show the relationship between the circulating supply of RLUSD and the assets backing it.

RLUSD Developments Are Drawing Closer to the Institutional Market

The growth of RLUSD in 2026 does not stand alone. Ripple continues to build an ecosystem that connects the stablecoin with institutional financial services.

On August 18, 2026, Ripple announced that Ripple Prime had completed a US$275 million private offering of senior unsecured notes. Ripple Prime is a non‑bank prime brokerage unit of Ripple that provides services such as multi‑asset clearing, financing, and prime brokerage.

The funds will be used for working capital and general corporate purposes to support the expansion of Ripple Prime's business in the United States. The offering received an investment‑grade BBB rating from KBRA and attracted institutional investors from a number of financial markets.

Read Also: Unlock 1 Billion XRP (Feb 1, 2026): How Ripple Escrow Works and Its Impact on XRP Price After Release

Ripple Prime's funding cannot be considered a direct source for RLUSD issuance because Ripple has not stated such a connection. However, both developments point in the same business direction: expanding digital financial infrastructure for institutional needs.

The larger the payment, trading, financing, and settlement services that Ripple builds, the greater the opportunity for stablecoins like RLUSD to be used as a liquidity instrument.

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What Does the US$1.71 Billion RLUSD Supply Mean for the Market?

The achievement of an RLUSD market cap of approximately US$1.71 billion places Ripple's stablecoin on an increasingly significant scale. RLUSD itself was launched in December 2024, so this growth reflects relatively rapid expansion.

However, the circulating supply figure must be read together with minting and burning activity. An increase in supply that remains in circulation has a different meaning from large issuances that are then immediately redeemed.

The latest data actually shows that the XRP Ledger can function as a RLUSD turnover channel with a very high burn rate. At the same time, Ethereum shows a larger net supply accumulation.

This combination shows that RLUSD's development does not depend solely on how many tokens are minted. Utility, transaction volume, institutional liquidity needs, cross‑network distribution, and Ripple's ability to maintain confidence in reserves are more decisive factors.

If the pattern of institutional use continues to grow, RLUSD has the potential to become an important component in Ripple's strategy to connect traditional financial markets with blockchain infrastructure.

Read Also: 10+ Best AI Coins 2026: List of Crypto with Artificial Intelligence Theme! 

Conclusion

RLUSD supply has reached approximately US$1.71 billion as Ripple minted an additional US$30 million in a single day on the XRP Ledger. Although the minting figures show significant activity, burn data shows that RLUSD issuance does not always mean net demand growth. 

With reserves exceeding supply and Ripple's expansion into institutional services through Ripple Prime, the direction of RLUSD's development is increasingly tied to settlement needs, liquidity, and digital financial infrastructure.

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FAQ

What is the current supply of RLUSD?

CoinGecko data cited by TheStreet places the RLUSD circulating supply at around 1.711 billion tokens, with a market cap of approximately US$1.71 billion.

How much RLUSD did Ripple mint in a day?

Ripple minted a total of US$30 million RLUSD on August 17, 2026 through two transactions on the XRP Ledger, each for US$10 million and US$20 million.

Does minting RLUSD mean demand increased by US$30 million?

Not always, because tokens that have been minted can be redeemed and burned again. The 30‑day data shows Ripple minted US$449.3 million and burned US$448.9 million RLUSD on the XRP Ledger.

What is the function of RLUSD for Ripple?

RLUSD is a dollar‑based stablecoin intended for payment, settlement, liquidity, and institutional use within Ripple's digital asset ecosystem.

What is the relationship between RLUSD and Ripple Prime?

Both are part of Ripple's financial infrastructure expansion, but Ripple has not stated that the US$275 million Ripple Prime funding is used to mint RLUSD. Ripple said the funds are used for working capital and general corporate purposes to support Ripple Prime's business expansion in the US.