Ripple has minted an additional 10 million RLUSD—its U.S. dollar-pegged stablecoin—amid surging demand and growing optimism around the U.S. Congress’s progress on the Genius Act, a proposed bill that could reshape the digital finance sector within the next two years.
According to Ripple’s Stablecoin Tracker, the newly minted RLUSD was issued from the RLUSD Treasury. This move signals Ripple’s readiness for a potential wave of stablecoin adoption as the market recovers and regulatory clarity begins to form.
Genius Act: A Catalyst for Stablecoin Growth
The Genius Act is drawing significant attention in Washington for proposing a comprehensive regulatory framework for digital assets and stablecoins. Financial analyst Andrew (@AP_Abacus) predicted that this bill could “reshape the structure of banking in the next 6 to 24 months.”
Prominent attorney John E. Deaton believes the legislation could spark an “explosion in demand” for stablecoins like USDC, RLUSD, and UST, benefiting firms such as Ripple and Circle. Ripple CEO Brad Garlinghouse has also projected that the stablecoin market cap could grow five to ten times over the next five years. Meanwhile, former hedge fund executive Scott Bessent estimates the market could reach $2–3 trillion in value.
Circle, the issuer of USDC, has also been thriving, with its market cap nearing $40 billion. Recent IPOs in the sector have driven up share prices of stablecoin-focused companies, reflecting investor enthusiasm.
Ripple Ecosystem Gains Momentum
The broader Ripple ecosystem is also seeing renewed activity. Data from Glassnode reveals that 78.8% of XRP wallets are currently in profit—meaning most holders are seeing gains based on their entry price. This is considered a bullish sign for investor sentiment.
XRP is currently trading just below $2.20. Increased profitability among holders has led to a rise in activity across XRP Ledger-based platforms, particularly those supporting RLUSD. The number of active XRP addresses has also increased in recent weeks, often seen as a key metric for network health and user engagement.
Ripple’s move to mint more RLUSD may signal its expectations for higher usage and integration of the stablecoin within its growing ecosystem.
Crypto IPO Wave and Long-Term Outlook
Alongside stablecoin expansion, several major crypto firms—such as Kraken, Gemini, and Ripple—are reportedly preparing for public listings. According to Deaton, this trend is fueled by improving regulatory conditions and growing market optimism.
Ripple’s RLUSD minting aligns with the legislative momentum behind the Genius Act, reflecting a strategic effort to meet anticipated demand and position RLUSD as a secure, regulated stablecoin within the evolving digital economy.
