RLUSD market cap has more than doubled over the past year to $1.52B, with 57.7% of supply issued on the XRP Ledger.
When
@Ripple's SVP of Stablecoins
@_JackMcDonald_ spoke with us last July, RLUSD stood just under $700M. He framed issuance as a driver of ledger activity, as every mint and transfer of RLUSD consumes XRP as the network's native gas token.
With the launch of Ripple Mint, institutions now have a direct path to mint, redeem, and bridge RLUSD.