Ripple USD (RLUSD) has been operating for just 106 days and continues to set large records amid increasing recruitment. Notably, new players have surpassed the 240 million RLUSD milestone in circular supply.
RLUSD Stablecoin pushes to new heights
At the time of reporting, CoinMarketCap data shows a total circular supply of 243,690,000 RLUSD. The ecosystem reached 240 million points on March 31, 2025.
In particular, after Ripple began creating record-breaking RLUSD tokens in one day, results have been possible. Large-scale mint activity has resulted in a surge in current levels.
Formal communication is not explained about this best single batch mint in the ecosystem. However, development shows an increase in RLUSD user adoption in the encryption space. The increase in RLUSD supply may depend on the need to meet user demand in a wider market.
Ripple’s previous actions show that companies are strategic in their casting approach, as they are trying to establish themselves in the Stablecoin industry.
For example, in early March, the Ripple Stablecoin tracker showed that the Ministry of Finance had not put together the tokens for more than four days. This movement was described as a strategic way to balance supply and demand dynamics.
Can RLUSD compete with the established Stablecoin giants?
With Tether (USDT) and Circle (USDC) dominated, Ripple appears to be determined to stay competitive without overwhelming the market or supplying its stubcoins.
Although the market capitalization of $243 million pales compared to USDT’s $144 billion and USDC’s $60 billion, it aims for sustainable growth.
RLUSD was able to aim to first pursue Paypal’s Pyusd. Paypal’s Pyusd’s market capitalization is still below $1 billion. PYUSD’s market capitalization is $720 million, $477 million away from RLUSD
This shows how much work the Ripple ecosystem has to do to keep up with veteran industry players. Ripple CEO Brad Garlinghouse said the company aims to become one of the top five elite stub coins by 2025.
