# Ripple RLUSD stablecoin expands on platforms, Asia and DeFi > Live situation record from CLSTR: https://clstr.news/situations/ripple-rlusd-stablecoin-expansion > Updated: 2026-08-06T23:05:58.000Z. Sources: 32. Developments: 6. In early July 2026 activity on the XRP Ledger surged as RLUSD’s on‑chain presence grew to roughly half of its total supply and its share of on‑chain trading rose to about 12 %. The RLUSD/XRP pair moved roughly $900 million in the preceding six months, boosting XRP settlement and market liquidity. On 23 July Ripple launched Ripple Mint, a web‑based console and API suite that lets regulated institutions mint, redeem, bridge and monitor RLUSD across the XRP Ledger, Ethereum, XRPL EVM, Base, Optimism, Ink and Unichain. The platform embeds Notabene’s compliance network for travel‑rule adherence and adds real‑time tracking, webhook notifications and automated workflows for fiat deposits, token issuance and on‑chain settlement. Later that month the stablecoin was listed on South Korea’s four largest exchanges—Coinone, Korbit, Upbit and Bithumb—creating KRW trading pairs and offering regulated access to both retail and institutional users. The token remains fully backed by cash, short‑term U.S. Treasury securities and money‑market instruments. On 3 August Ripple extended RLUSD into decentralized finance by enabling XRP holders to use the wrapped token FXRP as collateral in an RLUSD vault on Ethereum’s Morpho lending protocol. The $280 million vault lets users borrow RLUSD without selling their XRP, linking the native token to Ethereum’s DeFi ecosystem. On 6 August Ripple minted an additional 811,026 RLUSD on the XRP Ledger, pushing the stablecoin’s circulating supply past the 50 % share of total stablecoin supply on the ledger and cementing it as the network’s largest stablecoin by volume. Since launch RLUSD has generated over $2.5 billion in trading volume. ## Timeline ### 2026-08-06: Ripple mints 811,026 RLUSD, making it the largest stablecoin on XRP Ledger Ripple minted 811,026 RLUSD on Aug 6, boosting its supply to become the largest stablecoin on the XRP Ledger, now holding over half the network’s stablecoin volume. 3 sources. https://clstr.news/cluster/ripple-mints-811026-rlusd-making-it-the-largest-stablecoin-on-xrp-ledger ### 2026-08-03: Ripple's RLUSD Stablecoin Enables XRP Holders to Borrow on Ethereum XRP holders can borrow Ripple's RLUSD stablecoin on Ethereum using wrapped XRP as collateral, gaining liquidity without selling their tokens. 3 sources. https://clstr.news/cluster/ripples-rlusd-stablecoin-enables-xrp-holders-to-borrow-on-ethereum ### 2026-07-31: Ripple’s RLUSD Stablecoin Launches on South Korea’s Four Largest Exchanges Ripple’s RLUSD stablecoin is now listed on South Korea’s four largest crypto exchanges, offering direct KRW trading and expanding its market presence. 6 sources. https://clstr.news/cluster/ripples-rlusd-stablecoin-launches-on-south-koreas-four-largest-exchanges ### 2026-07-26: Ripple launches Ripple Mint platform for institutional RLUSD stablecoin Ripple's new Ripple Mint platform lets institutions issue, redeem, transfer and monitor the RLUSD stablecoin via UI or API, adding compliance and multi‑chain support. 2 sources. https://clstr.news/cluster/ripple-launches-ripple-mint-platform-for-institutional-rlusd-stablecoin ### 2026-07-23: Ripple unveils Ripple Mint platform to automate RLUSD stablecoin for institutions Ripple launched Ripple Mint, a web UI/API platform for institutions to mint, redeem and manage RLUSD across multiple blockchains, and invested in Notabene to integrate the stablecoin into its compliance network 27 sources. https://clstr.news/cluster/ripple-launches-ripple-mint-platform-to-streamline-institutional-rlusd-stablecoin-use ### 2026-07-04: XRP Ledger activity surges as RLUSD stablecoin expands RLUSD stablecoin now has half its supply on the XRP Ledger, boosting XRP transaction volume and liquidity, with executives saying it complements rather than competes with XRP. 2 sources. https://clstr.news/cluster/xrp-ledger-activity-surges-as-rlusd-stablecoin-expands --- Cite as: Ripple RLUSD stablecoin expands on platforms, Asia and DeFi. CLSTR, https://clstr.news/situations/ripple-rlusd-stablecoin-expansion