Ripple Mints 12 Million RLUSD Ahead of Crucial Senate Vote on Stablecoin Rules

• Ripple increased RLUSD supply by 3%, minting 12 million tokens ahead of the Senate’s GENIUS Act vote.
• RLUSD trading volume surged 30% to $179 million within 24 hours of the mint.
• The GENIUS Act may create a federal framework for stablecoins, impacting RLUSD’s future regulatory position.

Ripple minted 12 million RLUSD tokens this week, raising the total supply just days before the U.S. Senate vote on the GENIUS Act. The move comes as the bill, which focuses on federal oversight of stablecoins, nears a pivotal moment in Washington. 

The GENIUS Act could mark a turning point in how stablecoins like RLUSD are governed across the financial system. Ripple’s timing places added attention on RLUSD, which has already gained exposure on major trading platforms and shows growing activity across multiple blockchains.

Supply Increased After Recent Token Burn

Ripple had paused new RLUSD issuance in April and burned approximately 4 million tokens in May to reduce the circulating supply. This new minting reverses that trend, increasing RLUSD’s supply by around 3%. 

The stablecoin’s total circulating amount now stands at approximately 425.7 million tokens. After this supply boost, RLUSD’s estimated market cap climbed to about $425 million. The fresh batch of tokens triggered a sharp rise in market activity. Within 24 hours of the mint, RLUSD’s trading volume jumped nearly 30%. 

Volume reached $179 million, indicating increased interest and movement around the token. The liquidity boost appears designed to position RLUSD for higher demand as regulatory developments unfold. Ripple continues to maintain RLUSD’s peg by adjusting issuance and reacting quickly to supply-demand shifts.

RLUSD Positioned Across Multiple Platforms

RLUSD operates on both Ethereum and the XRP Ledger. Approximately 70% of the token supply is on Ethereum, while the rest sits on Ripple’s native chain. The new tokens are expected to support deeper integration across centralized exchanges, decentralized finance protocols, and payment infrastructure. RLUSD is already listed on platforms like Bitget, Gemini, and Revolut, supporting its growing utility.

A lighter federal touch on stablecoins is in the offing through the GENIUS Act, slated to be voted on in the Senate on June 17. Sponsored by Senator Bill Hagerty and others, the bill is deemed as a decisive move towards legal certainty in the stablecoin industry. Upon approval, the legislation is forwarded to the House of Representatives to be considered.

If the GENIUS Act passes , RLUSD and similar tokens could benefit from a stronger regulatory foundation. This may help onboarding of institutional users and simplify compliance for financial firms. If the bill fails, however, stablecoin projects could remain in legal uncertainty, complicating strategic decisions around growth and distribution. Ripple’s latest mint appears structured to stay ahead of these potential shifts in the U.S. regulatory environment.