RLUSD market cap has more than doubled over the past year to $1.52B, with 57.7% of supply issued on the XRP Ledger. When @Ripple's SVP of Stablecoins @_JackMcDonald_ spoke with us last July, RLUSD stood just under $700M. He framed issuance as a driver of ledger activity, as every mint and transfer of RLUSD consumes XRP as the network's native gas token. With the launch of Ripple Mint, institutions now have a direct path to mint, redeem, and bridge RLUSD.
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