Ripple USD (RLUSD) Volume Down 66% as Minting Resumes

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In a most unexpected turn of events, the Treasury has decided to dust off its minting machine and churn out fresh Ripple stablecoins (RLUSD) after a rather prolonged slumber. According to the ever-reliable Ripple Stablecoin Tracker on X, a staggering 19 million RLUSD have been minted in the last 48 hours. Who knew minting could be so thrilling? 🎉

19 million RLUSD minted after long pause

It’s worth noting that the first batch of 12 million RLUSD was minted on June 13, 2025, marking a triumphant return to the minting scene. Following this, another delightful batch of 7 million RLUSD was produced in the wee hours of June 14. One can only imagine the excitement in the Treasury—perhaps they even had a little party! 🎈

Before these two batches of minting, the last time any coins were minted was on April 25, 2025. That’s a staggering 49 days of inactivity! It seems the minting machine was on a holiday, despite the stablecoin market buzzing with activity. Talk about a missed opportunity! 😅

However, amid this minting renaissance, RLUSD trading volume has taken a nosedive, plummeting by 68.96% to a mere $62.26 million. It appears that the fresh minting has done little to stir the pot. Perhaps the market is on a diet? 🍽️

In recent days, the crypto market has been gripped by a general downturn, likely due to macroeconomic uncertainties. This has led to a suppression of trading activity across the board, including the once-coveted RLUSD. It seems even the most stable of stablecoins are feeling the pinch! 😬

In the last 24 hours, the overall crypto market volume has recorded a 40.64% decline, with major players like Bitcoin, XRP, and Ethereum taking a dive. This broader market correction might have dampened interest in stablecoins like RLUSD, which are typically seen as a safe haven during turbulent times. Who knew safety could be so risky? 🤔

Strategic positioning for market recovery?

While the short-term demand appears to be as weak as a cup of decaf coffee, Ripple Treasury’s decision to mint an additional 19 million RLUSD on Ethereum might just be a stroke of genius. Or perhaps a stroke of luck? Only time will tell!

It seems the Treasury may have strategically chosen this period of market downturn to ensure there’s enough supply to meet demand when the inevitable recovery occurs. After all, when geopolitical tensions ease, the crypto market is likely to rebound, and demand for the Ripple stablecoin could skyrocket. Fingers crossed! 🤞

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2025-06-14 16:47