Ripple mints record 69 million RLUSD on XRPL; newly created tokens appear routed to Gemini amid active Treasury mint/burns and exchange listings

first published 2026-03-02T21:10:23Z

Ripple’s RLUSD Treasury executed the largest single RLUSD mint to date — 69 million RLUSD created on the XRP Ledger — with the newly minted tokens appearing to be routed toward the Gemini exchange. The Treasury has been active with multi-million mints and burns across XRPL and Ethereum (including 20M minted on Ethereum on Feb. 27 and ~10M two days earlier). RLUSD’s market cap is above $1.5B; Binance listed RLUSD for spot trading in late January and added native XRPL support in mid‑February (Binance announced an 8.5% APR), and LMAX Group integrated RLUSD as collateral via a multi-year partnership in mid‑January.

AI Analysis

A record 69M RLUSD was minted on XRPL and appears routed to Gemini (potential near-term exchange supply). The Treasury has repeatedly performed multi-million mints and burns on XRPL and Ethereum. RLUSD’s market cap has risen above $1.5B and it recently gained exchange listings and an institutional collateral partnership (Binance support and LMAX integration). These facts support potential short-term sell pressure from the large exchange-directed mint while also indicating growing adoption.

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