Ripple’s Big Minting Spree: Who Knew Crypto Could Be This Humorous?

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Well, folks, hold onto your hats and suspenders! It appears Ripple’s been busy flinging digital dollar confetti left and right, minting another 10 million RLUSD on the XRP Ledger. And here I was thinkin’ they just sat around triflin’ in the shadows! According to the noble data by Ripple Stablecoin Tracker, the minting fire keeps burnin’ bright.

Now, if that ain’t enough to make your head spin faster than a cat on a hot tin roof, CoinGecko tells us RLUSD’s market cap has ballooned to a staggering $1.26 billion. What in tarnation are they doin’ over there? Selling digital pancakes?

Steady minting – it’s like watchin’ molasses drip slow but steady in January

Come October 22, Ripple’s treasury decided it was time to let the mintin’ roosters crow-droppin a hefty 24.5 million RLUSD into the pond. Fast forward six days, and another 5 million slid into circulation, like butter on hot cornbread. But hold onto your suspenders-that was just the warm-up, folks!

On October 31, as if the cupboard was never empty, they cranked out an eye-popping 36 million RLUSD. That’s enough money to make a preacher cuss! And November? Well, it ratcheted up the ante even more. On the 3rd, Ripple minted a whopping 50 million RLUSD, coincidentally when RLUSD crossed the $1 billion market cap threshold. Now, that’s what I call a celebration with fireworks and all! 🎆

And the activity didn’t slow down a lick. On November 19, they minted another 2 million, and just last Thursday-er, November 25-they produced yet another 15 million RLUSD. You could say they’re makin’ more than just a dollar-they’re makin’ a mountain of ‘em!

Climbin’ the ranks, just like a squirrel up a tree

This little RLUSD has tiptoed into the big leagues quietly but with the determination of a mule on a mountain trail. With about $1.25 billion in market cap, it now hangs with the big boys-middle-tier dollar tokens, they call it.

Here’s the kicker-globally, stablecoins are like a bar fight at closing time: USDT and USDC hog the spotlight with a combined cap of $260 billion. Meanwhile, a second tier of multi-billion-dollar contenders like USDS, USDe, DAI, and PYUSD are lurking like roaches at a picnic, ready to pounce.

But RLUSD? It’s not quite in their league, yet. Nope, it’s strutting around as the 12th-largest USD stablecoin worldwide, having overtaken stalwarts like TUSD, GUSD, and USDD. Now that’s a makeover! Who knew Ripple’d be climbing the charts faster than a cat on a hot tin roof? 😄

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2025-11-27 00:11