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Ripple Mints 50M RLUSD as Stablecoin Market Hits $252B Record
Ripple has minted another 12 million RLUSD tokens today, signaling a deeper push into the booming stablecoin market. In total, 50 million RLUSD have been issued this month. The move comes as global stablecoin supply hits a record high of $252 billion.
The Stablecoin Market Is a Key Battleground
The timing of a new batch of RLUSD issuance aligns with the rising demand and revenues across the stablecoin sector. The latter, with a $252 billion market value, marked a twentyfold increase over the past five years, according to Defillama’s data.
Regarding revenue, Tether and Circle, the issuers of USDT and USDC, remain dominant players. In the past 30 days alone, they earned hundreds of millions mainly from interest on U.S. Treasuries backing their stablecoins.
This profitability is no longer limited to centralized players. DeFi protocols are also capitalizing on the stablecoin-driven boom
Platforms like Hyperliquid and PancakeSwap have generated tens of millions in fees as users increasingly rely on stablecoins for trading, staking, and borrowing
As a result, stablecoins have evolved from utility tokens into powerful revenue engines for both centralized and decentralized platforms.
Why This Matters
Ripple’s RLUSD is still in early stages, but if it leverages similar strategies as Tether or Circle, it could become a lucrative asset in Ripple’s ecosystem.
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People Also Ask:
What is RLUSD? RLUSD is a stablecoin issued by Ripple, designed to maintain a stable value typically pegged to the US dollar, facilitating easy blockchain transactions.
Why is the stablecoin market important? Stablecoins enable fast, low-cost transfers and store value on blockchains without the volatility typical of cryptocurrencies, making them essential for DeFi and trading.
How do stablecoins generate revenue? Stablecoins earn revenue mainly through interest on the assets backing them and transaction fees on decentralized platforms.
What does RLUSD’s growth mean for Ripple? If Ripple leverages strategies similar to major stablecoin issuers, RLUSD could become a significant revenue source within Ripple’s ecosystem.
How have stablecoins evolved recently? Stablecoins have shifted from mere utility tokens to powerful revenue-generating assets for both centralized and decentralized platforms.
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