Fresh Ripple stablecoins (RLUSD) have been minted at the Treasury after a long period of inactivity. According to an update from Ripple Stablecoin Tracker on X, in the last 48 hours, 19 million RLUSD have been minted.
Notably, the first batch of 12 million RLUSD was minted on June 13, 2025, signaling a reactivation of minting in the ecosystem. In addition to the earlier ones, another batch of 7 million RLUSD was minted in the early hours of June 14.
Before these two batches of minting at the Treasury, the last time any minting occurred was April 25, 2025. That indicates 49 days of inactivity despite an uptick in activity in the stablecoin market.
Amid the resumed minting, RLUSD trading volume in the stablecoin market has plummeted by 68.96% to $62.26 million. The drop in trading volume appears unmoved by the fresh minting.
Over the past few days, there have been indications of a general market downturn amid macroeconomic uncertainties in the broader financial ecosystem. This has suppressed trading activity in the wider crypto market, such as purchasing assets, including RLUSD.
In the last 24 hours, the general crypto market volume has recorded a 40.64% decline as even major cryptocurrencies like Bitcoin, XRP and Ethereum nosedived. This broader market correction might have reduced interest in stablecoins such as RLUSD, which are considered a safe bet in times of volatility.
Although the short-term demand appears weak as of press time, Ripple Treasury’s decision to mint an additional 19 million RLUSD on Ethereum at this time might be strategic.
Notably, the Treasury might have targeted this period of general market downturn to ensure enough supply to meet demand when recovery sets in.
As soon as geopolitical tensions ease, the crypto market will likely rebound, and demand for the Ripple stablecoin could increase significantly.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。