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.
19 million RLUSD minted after long pause
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.
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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.
Strategic positioning for market recovery?
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.
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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.