Ripple mints 11M RLUSD as supply tops $2.3B

Ripple recorded another round of RLUSD treasury activity on Aug. 31, including an 11 million-token mint and a separate 11 million-token burn. Summary 11 million RLUSD was minted and 11 million burned at treasury addresses on August 31. CoinGecko placed RLUSD’s circulating supply and market capitalization near $2.37 billion on August 31. Ripple reported $1.87 billion circulating against $1.98 billion in reserves as of August 20. Treasury mints create tokens but do not independently confirm circulation, customer demand or completed issuance. Ethereum and XRP Ledger remain RLUSD’s main networks, although Ripple supports several additional blockchain deployments. The transactions were reported by the Ripple Stablecoin Tracker. They followed several large operations on the XRP Ledger and Ethereum during the final days of August. CoinGecko placed RLUSD’s circulating supply and market capitalization at approximately $2.37 billion on Aug. 31. The stablecoin continued trading close to its intended $1 peg, meaning supply growth rather than price appreciation drove the higher valuation. RLUSD minting does not necessarily show net demand A stablecoin mint creates tokens at an issuer-controlled...