Ripple (enterprise blockchain firm) mints (issues new tokens) $20M RLUSD — supply reaches 1.53B

Ripple (enterprise blockchain firm) mints (issues new tokens) $20M RLUSD — supply reaches 1.53B

According to the post, Ripple is targeting the regulated stablecoin (fiat-pegged crypto) market led by USDT (Tether stablecoin) at $183B and USDC (Circle stablecoin) at $74B.

USDT
USDC
RLUSD

Fact Check
Multiple independent and credible cryptocurrency news outlets consistently report that Ripple minted $20 million worth of RLUSD tokens and that this issuance increased the total RLUSD supply to 1.53 billion tokens. These reports come from high-authority platforms such as CoinDesk, Binance Square, and Phemex, which have strong reputations for timely and accurate coverage of blockchain and crypto market developments. The details across these sources are highly consistent, both in numerical figures (20M RLUSD minted, total supply 1.53B) and in contextual framing (Ripple expanding stablecoin market presence). There are no apparent contradictions or alternative accounts disputing the event. Although some lower-relevance articles provide only background or context, the core claim is specifically confirmed by several primary issuance-focused reports with strong relevance. The convergence of multiple authoritative confirmations makes the probability that the statement is true very high.
Summary

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, typically pegged to fiat currency like the U.S. dollar.
  • Minting: The on-chain creation of new tokens, increasing a crypto asset’s circulating supply.
  • Total Supply: The total amount of a token that exists on-chain at a given time, including circulating and locked tokens.