Ripple completed another notable issuance on the XRP Ledger on August 17, minting 10 million RLUSD tokens, according to public ledger data from XRPScan. The transaction was confirmed successfully and incurred a fee of just 0.000405 XRP. It used a two-signer multisignature setup and recorded a maximum delivery amount of 10 million RLUSD, with the newly issued tokens sent to a designated RLUSD destination account.
CoinGecko data showed RLUSD's circulating supply near 1.711 billion tokens, with market capitalization around $1.71 billion and 24-hour trading volume of roughly $50 million to $58 million. Ripple did not identify the receiving customer or the intended use of the newly created tokens. The supply figure was higher than Ripple's Aug. 6 transparency page, which reported $1.5896 billion in circulating RLUSD and $1.7026 billion in reserve assets. Monthly attestations provide a historical view rather than a live balance, and mints and burns after the reporting date can change circulating supply before the next report.
The news follows Ripple's introduction of Ripple Mint in July, a platform designed to let approved institutional customers issue, redeem, bridge and monitor RLUSD through web interfaces and APIs. Ripple also made an undisclosed investment in Notabene and plans to add RLUSD to Notabene Flow, a business-to-business stablecoin payments platform, while exploring connections with Ripple Payments. In June, RLUSD launched in Japan after approval from the Japan Financial Services Agency, with SBI VC Trade offering it through VCTRADE. Ripple also partnered with BiLira, Bitexen and Bitlo to expand institutional access in Türkiye.
Standard Custody & Trust Company issues RLUSD under a limited purpose trust charter from the New York State Department of Financial Services. Ripple says the stablecoin is redeemable at one U.S. dollar and backed by segregated reserves including cash, cash equivalents and short-term U.S. Treasury securities. An independent U.S.-licensed accounting firm conducts monthly attestations. The Aug. 6 disclosure showed assets exceeding reported circulating supply, though it does not establish the exact reserve balance at the time of the Aug. 17 mint.
Despite blockchain confirmation of the issuance, the public record does not independently prove growing institutional demand. Newly issued RLUSD can remain in controlled accounts until approved customers complete transactions, and some issuance may reflect inventory management rather than new investment. A separate community report noted 5 million RLUSD had been burned on Ethereum, but available records do not show whether the burn and the Aug. 17 XRPL mint were connected. Future wallet movements and later burns will determine whether the mint produces lasting supply growth.
