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, populalrly known as CZ, is a Chinese-Canadian businessman. He founded Binance, the biggest cryptocurrency exchange in the world based on trading volume. CZ came across Bitcoin (BTC) in 2013 from a friend.   Quick Facts   Full Name Changpeng Zhao Birth  1977 in Lianyungang, Jiangsu, China Nationality Chinese-Canadian, UAE Education BSc. from McGill University Marital Status Married to Yang Weiqing Famous For Binance, Advocate for decentralized finance, blockchain tech. Net Worth $59.4B (refer for realtime)   Before starting Binance in 2017, he was the Head of Development at Blockchain.info and the Chief Technology Officer (CTO) at OKCoin. Under CZ, Binance launched an ICO (Initial Coin Offering) that raised $15 million and rapidly became the largest exchange within months.   To improve trading options, the firm introduced Binance Smart Chain (BSC), Binance Labs, Binance Academy, Binance Launchpad, and other blockchain-based solutions. CZ has influenced the global adoption of crypto by offering regulatory compliance, DeFi solutions, and infrastructure for digital assets.   CZ’s Career Timeline   Tokyo Stock Exchange (2001–2003) – Developed trading systems for financial institutions. Bloomberg Tradebook (2003–2005) – Worked as a software developer for high-frequency trading systems. Fusion Systems (2005–2013) – Co-founded this financial technology firm specializing in ultra-low-latency trading solutions. Blockchain.info (2013–2014) – Served as Head of Development, working with early Bitcoin adopters like Roger Ver and Ben Reeves. OKCoin (2014–2015) – Worked as Chief Technology Officer (CTO) at one of the largest fiat-to-crypto exchanges at the time. Binance (2017–2023) – Founded Binance and led it to become the world's largest cryptocurrency exchange before stepping down as CEO in 2023.   Awards and Recognizations of CZ   List of achievements Year Bloomberg 50 – Most Influential People in Finance 2021 Forbes Crypto Rich List – Billionaire Status 2022 Top 10 Most Influential People in Crypto (CoinDesk) 2022 Binance – World’s Largest Crypto Exchange by Volume 2018-23   There were regulatory issues in some countries about crypto. However, CZ continued to support decentralization, financial freedom, and innovation in the cryptocurrency industry. After reaching an agreement with U.S. regulators over compliance violations, in 2023, he resigned as CEO of Binance.   Useful Links To Connect With CZ   X (formerly Twiter) https://twitter.com/cz_binance? Instagram CZ_Binance (@changpengzhao)  LinkedIn Changpeng Zhao - Binance | LinkedIn     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.