Ripple has minted 15 million RLUSD on the Ethereum blockchain, continuing a series of supply adjustments that have pushed the stablecoin's Ethereum circulation above $712 million. The issuance, tracked by the Ripple Stablecoin Tracker, came alongside a burn of 15 million RLUSD on the XRP Ledger and an additional 10 million RLUSD mint on Ethereum the previous day. This active management has led to diverging supply trends: while Ethereum saw net issuance over the past week, the XRP Ledger recorded 68.7 million RLUSD in burns against 65.4 million minted, slightly reducing its supply despite maintaining the larger overall circulation of approximately $873 million.
In a major adoption push, South Korea’s two largest exchanges have added RLUSD support. Upbit listed the stablecoin on July 28, enabling KRW, BTC, and USDT trading pairs and allowing deposits/withdrawals via the XRP Ledger. Bithumb followed on July 29 with an RLUSD/KRW pair, also exclusively on the XRP Ledger. These listings broaden RLUSD’s accessibility across the country’s leading digital asset platforms.
Ripple further strengthened RLUSD’s enterprise use through a partnership with compliance platform Notabene, which handles over $2 trillion in annualized transaction volume. The collaboration will integrate RLUSD into Notabene Flow and explore payment authorization capabilities with Ripple Payments, aiming to support compliant institutional stablecoin transactions beyond exchange trading.
