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Gemini has been connected with a significant 150 million Ripple USD (RLUSD) stablecoin minting event on the XRP Ledger, which took place on April 2, 2026. The newly created supply of the Ripple-backed stablecoin points to a potentially large-scale operational move by the cryptocurrency exchange. The transaction was first identified by XRPL validator Vet, who noted the minting at the Treasury. According to the validator, this major mint followed a recent redemption of 128 million RLUSD on the XRP Ledger, suggesting a rapid replenishment and increase of the stablecoin's circulating supply tied to Gemini's wallets. The mint of 150,000,000 RLUSD directly increases the available liquidity of the stablecoin on the XRP Ledger. This action, coming just after a sizable redemption, indicates a deliberate strategy by the exchange to manage its stablecoin reserves. This large-scale minting could be a precursor to several strategic initiatives by Gemini. It may be in preparation for increased trading volume, the launch of new financial products centered on the XRP Ledger, or an enhancement of its market-making capabilities. While the immediate market direction remains uncertain, the deployment of these funds will be critical; it could fuel bullish activity if used for platform expansion or turn bearish if positioned to facilitate large-scale sales. This article is for informational purposes only and does not constitute investment advice.
Ripple's fully-reserved stablecoin, RLUSD, launched on South Korea's Coinone exchange on April 1, giving traders direct access to a Korean Won-backed market for the enterprise-grade asset. “Korean traders can now access Ripple's fully-reserved, enterprise-grade stablecoin directly in KRW,” Ripple's official account confirmed in a statement. The listing on Coinone, one of South Korea's largest regulated cryptocurrency exchanges, introduces a direct RLUSD/KRW trading pair. This allows for seamless conversion between the stablecoin and the local currency. Stablecoins are digital assets designed to maintain a stable value by pegging to a reserve asset, like the U.S. dollar. While RLUSD's total supply and market capitalization have not yet been disclosed, this listing positions it to compete for market share in a region dominated by established stablecoins like Tether (USDT) and Circle's USDC. This strategic move is expected to significantly increase the adoption and circulation of RLUSD, particularly within the highly active South Korean crypto market. Enhanced liquidity on a major local exchange could bolster the broader Ripple ecosystem, potentially influencing the utility and perception of related assets like XRP by demonstrating growing real-world integration and regulatory compliance. This article is for informational purposes only and does not constitute investment advice.
Ripple is pursuing a US federal banking charter, a move that would significantly escalate its integration with the traditional financial system, President Monica Long said on April 1, 2026. The plan hinges on the company's recently launched stablecoin, RLUSD, signaling a clear strategy to operate within established regulatory frameworks. "The ambition is to secure a federal banking charter, and we see RLUSD as the cornerstone of that effort," Monica Long, President at Ripple, said in a recent interview. "This isn't just about launching another stablecoin; it's about building a compliant bridge to the financial mainstream." A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging its market price to an external reference, typically a fiat currency like the US dollar. Ripple's RLUSD follows this model, but the company's ambition extends beyond simple price stability. By pursuing a federal charter, Ripple aims to gain the same privileges as traditional banks, including direct access to the Federal Reserve's payment systems and liquidity windows. The strategic pivot could have profound implications for both Ripple and the broader digital asset industry. If successful, Ripple would become one of the first crypto-native companies to operate under a federal banking license, potentially legitimizing the sector in the eyes of institutional partners and regulators. This could create a new competitive landscape for other stablecoin issuers like Circle, which operates the USDC stablecoin under state-level money transmission licenses. A New Precedent for Crypto Regulation Ripple's pursuit of a banking charter represents a calculated decision to engage directly with top-tier US regulators rather than navigating the state-by-state licensing model common in the industry. This path, while arduous, offers the significant prize of nationwide operational authority and a direct relationship with the Federal Reserve. The move follows years of legal battles for the company, most notably with the US Securities and Exchange Commission. Securing a charter would not only provide regulatory clarity for its stablecoin operations but also enhance the utility of its entire ecosystem, including its native asset, XRP. For the wider crypto market, it could establish a viable, albeit challenging, blueprint for other large firms seeking to merge with traditional finance. The key risk remains the rigorous approval process, which will scrutinize Ripple's operational resilience, compliance frameworks, and the backing structure of its RLUSD reserves. This article is for informational purposes only and does not constitute investment advice.
Ripple burned 128 million of its RLUSD stablecoin on March 31, reducing the total supply as part of its scheduled quarter-end treasury operations. The burn, executed across five separate transactions, was framed by the company as a routine adjustment reflecting redemptions and supply management. "The recent burn of 128 million RLUSD is a standard procedure to manage the circulating supply in response to redemption requests from our institutional partners," a Ripple spokesperson said. "This ensures the total RLUSD in circulation remains fully backed by our corresponding fiat reserves." The transactions occurred at the close of the first quarter of 2026, a common period for companies to rebalance their holdings. While the company maintains the burn is a reflection of healthy redemption activity, large-scale supply reductions in the stablecoin market are often scrutinized for signs of shifting demand. The total circulating supply of RLUSD stood at approximately $2.5 billion prior to the burn, according to data from DefiLlama. This supply reduction is unlikely to have a direct price impact on XRP, Ripple's primary digital asset, as the move is confined to the stablecoin's ecosystem. However, the event highlights the ongoing discussion around stablecoin transparency and the mechanisms issuers use to manage supply. The burn may temporarily tighten liquidity for RLUSD on exchanges and in DeFi protocols on the XRP Ledger before supply is potentially expanded again in the new quarter. This article is for informational purposes only and does not constitute investment advice.
Ripple USD (RLUSD) current price is $0.999792, down 0.03% today.
Ripple USD (RLUSD) daily trading volume is $109.2M
Ripple USD (RLUSD) current market cap is $1.3B
Ripple USD (RLUSD) current circulating supply is 1.3B
Ripple USD (RLUSD) fully diluted market cap (FDV) is $1.3B