Ripple’s RLUSD Stablecoin Volume Soars 30% as Senate Vote Looms: What’s Behind the Move?

Cal Evans
RLUSD

Key Takeaways:

  1. Ripple minted 12 million RLUSD tokens after a month-long pause, signaling renewed strategic activity.
  2. RLUSD trading volume surged by 30%, reaching $179 million in a single day.
  3. The timing coincides with the upcoming U.S. Senate vote on the GENIUS Act, a potential game-changer for stablecoin regulation.

Ripple has sparked renewed interest in its stablecoin operations by minting 12 million RLUSD tokens in the past 24 hours—just days before the U.S. Senate is set to vote on the GENIUS Act on June 17. The bill, aimed at providing a clear legal framework for stablecoins, could mark a turning point for regulated digital assets like RLUSD.

After remaining dormant for over a month, Ripple’s sudden move suggests it’s positioning itself for potential legislative clarity that could accelerate RLUSD’s adoption and use cases.

RLUSD: A Digital Dollar Built for Speed and Stability

RLUSD, Ripple’s U.S. dollar-backed stablecoin, is engineered to provide seamless value transfer, combining the benefits of crypto with the stability of fiat. With a current supply of 405 million tokens, about 70% of RLUSD exists on Ethereum, while the remainder operates on Ripple’s XRP Ledger.

The stablecoin is aimed at facilitating faster remittances, efficient trading, and broader DeFi access—all without the price volatility that typically accompanies crypto assets.

Volume Spikes as Market Reacts

The minting activity has already stirred the market. RLUSD’s trading volume jumped by 30%, climbing to $179 million in just one day. Analysts view this as a strong indicator that Ripple is bracing for increased demand, possibly expecting a regulatory green light.

If the GENIUS Act is passed, it could establish legal guidelines for stablecoin issuance and custody—potentially benefiting Ripple by legitimizing RLUSD in the eyes of regulators and institutional investors alike.

Also Read: Dubai Gives Green Light to Ripple’s Stablecoin RLUSD: What It Means for the $250B Market

Ripple’s timely return to stablecoin minting reflects more than just market momentum—it’s a calculated move that could redefine its role in the evolving U.S. crypto regulatory landscape. All eyes now turn to June 17, when the GENIUS Act may unlock the next chapter for RLUSD and stablecoins across the board.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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