coinpedia 2025-06-19 07:08:32

XRP News Today : Ripple Mints 10M RLUSD as Genius Act Ignites Stablecoin Boom

The post XRP News Today : Ripple Mints 10M RLUSD as Genius Act Ignites Stablecoin Boom appeared first on Coinpedia Fintech News Ripple has minted 10 million RLUSD amid rising demand for stablecoins, a move that comes just as the Genius Act gains traction in the U.S. Senate. Following the political support, the total stablecoin market capitalization reached $251.55 billion in June 2025, up 54% from the previous year, driven by institutional adoption and regulatory clarity. 10,000,000 #RLUSD minted at RLUSD Treasury. https://t.co/dzuF0cJ5vZ — Ripple Stablecoin Tracker (@RL_Tracker) June 18, 2025 This strong legislative push is sparking renewed interest in regulated digital finance, setting the stage for a stablecoin boom. Recently, U.S. Treasury Secretary Scott Bessent said stablecoins could strengthen the U.S. dollar’s global dominance, noting that they could become one of the largest buyers of U.S. Treasurys. Ripple’s strategy to push for RLUSD at this stage could benefit the overly dominated market by Tether and Circle. Circle’s USDC is also approaching a $40 billion market cap, showing strong investor interest. Both companies are poised to benefit from the shift toward more stable and regulated digital assets. Genius Act Sparks Optimism in Digital Finance The Genius Act is being seen as a game-changer. Analysts believe it could reshape the financial system over the next 6 to 24 months. With clear regulatory paths being proposed, market sentiment around stablecoins like RLUSD, USDC, and others is growing. Legal expert John Deaton said this could significantly boost demand, with Ripple CEO Brad Garlinghouse suggesting stablecoin market caps could 5–10x in the next five years. Moreover, the minting of RLUSD is seen as a strategic move by Ripple to strengthen its position in regulatory discussions. XRP Holders See Strong Profits Ripple’s broader ecosystem is gaining strength, too. Nearly 79% of XRP holders are now in profit, according to Glassnode. This rise in profitability reflects growing confidence in Ripple’s network, especially as RLUSD adoption grows. Increased wallet activity and more active addresses suggest users are becoming more engaged with XRP Ledger-based tools and services. Crypto IPOs Could Be Next As the stablecoin space heats up, companies like Ripple, Gemini, and Kraken are reportedly preparing for public listings. Rising valuations and regulatory clarity are fueling optimism. This shift could attract both institutional and retail investors looking for exposure to regulated crypto firms. Ripple’s latest mint of RLUSD signals a strategic move. The timing aligns with U.S. legislative progress and points to Ripple preparing for greater utility and demand. With more clarity from lawmakers and rising interest from investors, the company is positioning itself for long-term growth in the stablecoin space.

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