Ripple stablecoin (RLUSD) has recorded an uptick in its activity, as volume soared by over 52% in the last 24 hours. This uptick comes despite Ripple Treasury not minting new RLUSD since April 25, 2025, when 11,500,000 tokens were minted.
RLUSD volume spikes signal rising market demand
According to CoinMarketCap data, Ripple stablecoin volume has soared by 57.75% to $52.48 million as of press time. This increase suggests growing demand from market participants and liquidity for RLUSD. It could have been triggered by investors looking to acquire assets on the broader crypto market.
An increase in RLUSD transactions could positively impact the Ripple ecosystem. Notably, RLUSD cooperates on the XRP Ledger (XRPL), and with the platform registering faster adoption due to its lower fees, this might increase demand for XRP.
XRP serves as gas to cover the fees, and increased demand could exert pressure on the XRP price.
As of press time, XRP was trading at $2.31, representing a 2.02% increase in the last 24 hours. The asset has recorded fluctuations within this period, climbing from a low of $2.25 to a peak at $2.33. Although there has been a slight correction, the ecosystem remains bullish and might still climb further.
Ripple ecosystem could benefit as XRP demand grows
Meanwhile, Ripple stablecoin is breaking new ground, as it was recently listed on the Bitget exchange. Notably, the platform launched two trading pairs, RLUSD/USDT and RLUSD/USDC, to meet the demand of market participants on the exchange.
This development signals the growing adoption of RLUSD on the stablecoin market, which includes renowned giants like Tether and Circle.
In April, Ripple stablecoin launched on the Aave V3 Ethereum market, resulting in a 102% volume spike as sentiment stayed bullish. As the stablecoin continues to gain market appeal, many anticipate it could trigger more positive development for the Ripple ecosystem with a targeted upside for the XRP price.
