Ripple XRP News: RLUSD Surges With $100M Issued in Two Days!

Ripple’s stablecoin, RLUSD, is seeing a major boost, with over $100 million issued since April 1. This marks one of the largest releases in months, driven by rising demand and growing adoption among payment providers and businesses.

Earlier this week, Ripple issued $50 million worth of RLUSD on Tuesday, followed by another $50 million on Wednesday. This increase in supply comes after Ripple integrated RLUSD into its official payments system, making it more useful for businesses and financial institutions.

Popular payment providers like BKK Forex and iSend have already started using RLUSD for transactions, further pushing its adoption.

RLUSD Challenges the Biggest Stablecoins

Crypto analysts believe RLUSD could become a strong competitor to leading stablecoins like Tether (USDT) and USD Coin (USDC).

Former Binance CEO Changpeng Zhao Changpeng Zhao Changpeng Zhao is a well-known Chinese Canadian entrepreneur who is also known to be the founder of Binance, established in 2017 alongside Yi He, It is the biggest cryptocurrency exchange in the world based on trading sector and volume. Before this, CZ served as the Head of Development at Blockchain.info and later worked at OKCoin as the Chief Technology Officer. Under CZ’s leadership, Binance launched an ICO( initial coin offering ) that was able to successfully raise $15 million and rapidly became the largest exchange within a few months. Changpeng has always been an advocate for decentralized finance and blockchain Technology. Changpeng is a top blockchain speaker to is actively initiating contributions in the development of the rapidly growing crypto and blockchain space, where he recently attended the Token2049 Singapore event to share his insights on the tech.   Personal Details:Born: 1977Organization: BinanceLocation: UAEEducation: Changpeng graduated with a BSc. A degree in computer science from McGill University  Experience: CEO of Binance from Jul 2017 to Nov 2023 Founder- Bijie Tech from Sep 2015 to Jul 2017 Head of Development - Blockchain from 2013 to 2014 Partner - Fusion Systems from Nov 2005 to Dec 2013 Head of Trade Book Futures Development- Bloomberg from 2001 to 2005   EntrepreneurInvestorChief Executive Officer commented that while some might see this as a “stablecoin war,” it is actually a sign of healthy competition that will drive more innovation in the market.

How RLUSD Maintains Stability and Security

RLUSD is backed 1:1 by the US dollar and is available on both the XRP Ledger and Ethereum. It is fully backed by dollar deposits, short-term US Treasuries, and cash equivalents, ensuring strong liquidity and stability.

Users can create RLUSD by depositing dollars with trusted partners or redeem their tokens for cash. The system keeps the price stable through market forces:

• If RLUSD drops below $1, traders buy it to redeem at face value, increasing demand.
• If RLUSD rises above $1, more tokens are issued, balancing supply.

For institutional investors, RLUSD also offers extra security. A newly introduced “clawback” feature allows issuers to recover tokens in cases of fraud, illegal activity, or accidental transfers.

RLUSD Expands to Kraken

Since launching in December 2024, RLUSD has gained strong momentum, reaching nearly $250 million in market capitalization and surpassing $10 billion in trading volume.

The stablecoin is already supported by key partners like LMAX Digital, Zero Hash, Bitstamp, and Bullish. Recently, RLUSD became available on Kraken, one of the longest-standing crypto exchanges, further increasing accessibility for retail investors.

XRP Dips after Tariff Announcement

Despite RLUSD’s success, Ripple’s native token, XRP, fell 5% on Wednesday after President Donald Trump announced new tariffs on all international trading partners.

This drop erased XRP’s recent gains following the RLUSD integration news, showing how global economic policies can impact crypto markets. XRP is currently trading at $2.05, down over 2% in the past 24 hours. Analysts suggest that ongoing geopolitical developments could continue to affect XRP’s price in the coming weeks.

Ripple’s latest push with RLUSD shows ambition, but with markets as unpredictable as ever, staying ahead in the stablecoin race is anything but guaranteed.