Ripple Mints Millions More RLUSD Tokens Amid Growing Institutional Backing
Ripple’s dollar-pegged digital asset, RLUSD, is rapidly expanding its footprint in the stablecoin arena.
With over 77 million new tokens minted just in July, the token’s total market value has surged past the $500 million threshold.
Much of this momentum stems from a growing wave of institutional validation. Independent ratings agency Bluechip has given RLUSD an “A” grade—now the highest among stablecoins—cementing its reputation in a competitive field. Simultaneously, Ripple has entrusted BNY Mellon, the world’s leading securities custodian, to manage the reserves backing the asset.
The RLUSD expansion aligns with a broader shift in U.S. regulation following the enactment of the GENIUS Act, a legislative move celebrated by Ripple as a turning point for stablecoin oversight. CEO Brad Garlinghouse described the new law as a milestone for the industry, offering much-needed clarity for companies building in the space.
Ripple’s stablecoin play now seems primed to challenge incumbents, blending top-tier ratings, regulatory tailwinds, and elite financial infrastructure to fuel its growth in the months ahead.
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
