TL;DR:
- RLUSD recorded a net liquidity inflow of over $275 million in seven days, with $354.4 million minted and $78.7 million burned.
- Hussein Zangana, Community Director of the XRP Ledger Foundation, confirmed an unusual volume of mint and burn operations on the network during the week.
- The market cap of Ripple’s stablecoin recently surpassed $1.7 billion, driven by its expansion in payments and the DeFi sector.
The stablecoin from Ripple is going through one of its most active weeks since launch. RLUSD recorded a net liquidity inflow of over $275 million in the last seven days on the XRP Ledger, according to data shared by Hussein Zangana, Community Director of the XRP Ledger Foundation. The official, who also operates as a dual validator on the network, noted that this period was marked by “a lot of mint and burn operations”.
Detailed records show that on May 20, 20 million RLUSD were burned in the Treasury and 230 million were minted on the XRP Ledger, along with an additional burn of 10 million. On May 21, 15 million tokens were burned and 10,036,746 were minted. On May 22, a new issuance of 10,095,600 tokens was recorded. The weekly balance resulted in $354.4 million minted versus $78.7 million burned.
Lots of minting and redeeming of $RLUSD on XRP this week.
Net inflow liquidity of +$275M. Binance also handled some RLUSD – ICYMI they also service RLUSD on XRP.
Good chances we see next week Gemini with end of month mint/redemptions. pic.twitter.com/zYOIhO3ZgT
— Vet (@Vet_X0) May 24, 2026
Binance and Gemini, Key Pieces of the RLUSD Ecosystem
Zangana noted that Binance played a key role in RLUSD activity during the period. “Binance also processed operations—in case you didn’t know, they also offer RLUSD services on XRP,” he stated. The exchange announced in January the listing of Ripple’s stablecoin, which included support for spot trading, margin eligibility for leveraged operations, and integration within Binance Earn.
The analyst also anticipated that Gemini could execute new mint and redemption operations toward the end of the month. “There’s a good chance of seeing Gemini next week with end-of-month mints and redemptions,” Zangana stated. The expectation points to the growth of the stablecoin not being limited to a one-off cycle, but rather being part of sustained demand from the most important exchanges in the market.
RLUSD’s market cap recently surpassed $1.7 billion and continues to rise, supported by its expansion in institutional payments and decentralized finance.
