RLUSD has slightly depegged amid a push for dominance in the stablecoin market.
After a quiet stretch of over 30 days, the RLUSD stablecoin activity resumed in full force as Ripple minted 19,000,000 tokens on the Ethereum blockchain.
This development draws renewed attention to Ripple Labs’ ongoing efforts to build a cross-border payment solution.
Market participants also speculate about how looming U.S. regulation might impact the project.
It is worth noting that the latest batch of RLUSD stablecoin was minted in two parts.
The first 7,000,000 units came on June 14, 2025, and 12,000,000 tokens on the previous day, June 13. The Ripple Stablecoin Tracker reported the minting on X.
On-chain data confirms that the 7 million mint occurred on Ethereum, and the gas fee associated with that transaction was a modest 0.000208534318819875 ETH.
This marks the first major mint since mid-May and signals a renewed supply boost phase or possible expansion plans.
Meanwhile, xpmarket.com showed the RLUSD stablecoin trading at $0.99. According to the outlook, it has experienced a slight increase of 0.054% within 24 hours.
Likewise, the price movement, though small, suggests growing interest and monitoring by investors and traders alike.
Prior to the launch of the Ripple stablecoin, the firm conducted an extensive test minting and burning before now.
Some users on X welcomed the current minting as a sign of progress, even as others questioned why the activity is still focused on Ethereum rather than XRP Ledger.
Notably, the renewed minting comes when the RLUSD stablecoin is under growing regulatory scrutiny.
The GENIUS Act, a new U.S. bill expected to be voted on by the Senate on June 17, 2025, could significantly affect stablecoin operations.
A post from tech personality Vincent Van Code pointed out that the proposed law requires strict AML and KYC checks, even for holders using cold wallets like Xumm.
Ripple has reportedly included features like 1:1 reserves and token-freezing tools on the XRP Ledger, suggesting some preparation for tighter laws.
Nonetheless, cashing out RLUSD might become more complicated once the GENIUS Act takes effect.
Notably, the new law will impact the Ripple stablecoin and drive competition that will benefit consumers.
Considering the RLUSD stablecoin is compliant under the New York BitLicense, one of the strictest regulatory achievements in the United States, the firm may not find it hard to comply with the provisions of the GENIUS Act.
As of the latest data on xpmarket.com, RLUSD stablecoin holds a price of $0.99. Though slightly below its dollar peg, this price level appears stable.
The platform also shows that trading is active through decentralized exchanges, and many users have already completed the “Set Trustline” process.
Per the market data, the token currently have a total holding count of 33,100 per the XPMarket data.
With Ripple aiming to ease cross-border transactions using stablecoins, this fresh minting round has put RLUSD in the spotlight.
Market players are now watching to see if trading volumes will increase in the coming days, especially if the GENIUS Act reshapes sentiment in the coming weeks.
For now, RLUSD is gaining attention, not just for its minting volume, but how it might handle upcoming rules while carving its place among other dollar-backed tokens.
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