Ripple Mints $10 Million in RLUSD as XRP Whales Accumulate Near Key Support

The stablecoin market witnessed two significant treasury transactions at the start of the new week, highlighting a clear divergence in how digital capital is being deployed.

According to on-chain trackers, Ripple executed a scheduled issuance of $10 million in RLUSD stablecoins on the XRP Ledger. Around the same time, Tether completed a routine issuance of $1 billion in USDT on the Tron blockchain, bringing its total treasury inventory on that network to $91 billion.

The stark difference in issuance volume reflects the fundamentally distinct business models of the two companies. Tether, with its massive turnover, caters to the mass retail market and broader crypto trading ecosystem, where immediate access to deep liquidity is essential.

Ripple, by contrast, is not targeting the mass-market segment. RLUSD, launched in December 2024 under NYDFS approval, currently holds a market capitalization of $1.52 billion — roughly 20% below its May peak. The token operates in a stablecoin sector where USDT and Circle's USDC together account for the overwhelming majority of global circulation. RLUSD is issued selectively through the Ripple Mint platform to fulfill specific B2B requests from commercial clients.

Whales Defend $1 XRP Floor Amid Fresh Capital Injection

The latest $10 million mint coincided with a notable surge in large-investor activity on the spot market. While Ripple's treasury operates under NYDFS supervision to regulate the stablecoin's supply, large holders — commonly referred to as whales — aggressively moved funds and accumulated more than 380 million XRP over the past week.

These movements centered around the psychologically significant $1 level for XRP, which major market participants are defending as a critical support threshold. XRP functions as the native settlement asset of the XRP Ledger and underpins Ripple's cross-border payment products used by financial institution partners.

Taken together, these developments underscore the current market landscape. Tether continues to hold its role as the primary settlement instrument for retail crypto transactions, while Ripple tests its B2B-oriented product within a specialized corporate payments niche. Meanwhile, large investors continue building positions as the market navigates an extended period of summer consolidation.