TL;DR
- Minting Surge: Ripple USD saw 39.4 million RLUSD minted in 24 hours, driven by two large XRP Ledger transactions and steady issuance across May 18 and 19.
- Supply Growth: Ripple USD supply on XRPL rose to $442 million, with no burns in the last day and earlier Ethereum burns removing over 32 million tokens.
- Validator Warning: Ripple’s engineering lead urged XRPL validators to upgrade to version 3.1.3, with only 44% updated ahead of the fix amendment activation.
Ripple USD recorded a sharp rise in stablecoin activity over the past 24 hours, with fresh minting pushing network supply higher and drawing renewed attention to the XRP Ledger. A total of 39.4 million RLUSD was created across multiple transactions, marking one of the most active minting windows this month.
Minting Spikes as RLUSD Supply Expands
Data from the Ripple USD tracker shows that $33.4 million Ripple USD was minted on May 18, followed by another $6 million Ripple USD minted on May 19. Combined, the two days produced 39.4 million Ripple USD in new supply. The Ripple stablecoin tracker on X highlighted two major transactions totaling $31 million Ripple USD, split between $16 million RLUSD and $15 million RLUSD minted directly on the XRP Ledger.
Despite the surge in new issuance, the tracker reported $0 in Ripple USD burned over the same 24‑hour period. The latest activity lifts RLUSD supply on the XRP Ledger to $442,192,034, while total circulating supply across networks now stands at $1,611,422,372. Recent days have also included notable burn events. On May 15, the RLUSD Treasury executed two Ethereum burn transactions, removing 22,075,051 RLUSD and 10,000,000 RLUSD from circulation.
XRPL Urges Validators to Upgrade Ahead of Fix Amendment
Alongside the stablecoin expansion, Ripple’s head of engineering, J.A. Akinyele, issued an important notice to XRP Ledger validators. The message comes ahead of the fix amendment included in XRPL version 3.1.3, which is scheduled to activate in about eight days. Version 3.1.3, released on May 8, introduced one default‑yes fix amendment. According to Akinyele, only 44% of the XRPL network has upgraded so far, leaving more than half of node operators still running older software. The upcoming activation increases urgency, as nodes that fail to update will be unable to communicate with the network once amendment blocking takes effect.
