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Ripple’s RLUSD expands South Korea exchange access as Ethereum minting continues

Ripple’s RLUSD expands South Korea exchange access as Ethereum minting continues

Ripple minted 15 million RLUSD on Ethereum while the stablecoin broadened South Korean exchange distribution and was promoted for AI-driven agentic payments on the XRP Ledger.

ETH
XRP
RLUSD

Fact Check
Every discrete element of the claim is corroborated. The U.Today primary article and its republication on cryptonews.net confirm the 15M RLUSD mint on Ethereum and the supply shifting between Ethereum and the XRP Ledger (15M burned on XRPL). digitaltoday.co.kr independently confirms the same mint and the expanded South Korean exchange access via Upbit (July 28) and Bithumb (July 29). A separate cryptonews.net article, sourcing thecryptobasic.com, precisely confirms the $4.28 billion XRPL stablecoin transfer volume over 30 days (a 10.8% rise). All figures are internally consistent across sources. The main limitation is that reporting traces to a third-party tracker (Ripple Stablecoin Tracker) and secondary outlets rather than a direct Ripple official statement, but the multi-source consistency makes the claim likely true.
Summary

Ripple minted 15 million RLUSD on Ethereum, pushing circulating supply on that network above $712 million, while RLUSD remained the dominant stablecoin on the XRP Ledger with about $872 million to $873 million in market capitalization and roughly 94% of XRPL stablecoins, according to Ripple Stablecoin Tracker and RWA.xyz data. The supply changes coincided with broader South Korean exchange access across Upbit, Bithumb, Coinone and Korbit, expanding KRW market distribution. Separately, Ripple and ecosystem participants have been positioning RLUSD for agentic payments, with t54ai cofounder Chandler Fang saying the stablecoin could support hundreds, and eventually millions, of AI-driven merchants and services because it supports x402 and protocols associated with Google and Mastercard.

Terms & Concepts
  • RLUSD: Ripple USD, a stablecoin issued by Ripple.
  • agentic payments: Payments initiated or handled by AI agents on a user's behalf.
  • x402: An open payment standard aimed at enabling AI agents and internet applications to transact.