Ripple Adds 2 Million RLUSD on Ethereum in New Treasury Move
On April 9, 2026, Ripple initiated a notable transaction on the Ethereum blockchain, as reported by the Ripple Stablecoin Tracker. This move involved the creation of 2 million RLUSD, Ripple's stablecoin, which is pegged to the value of the US dollar. The estimated value of this newly minted supply was approximately $2 million, maintaining the stablecoin's 1:1 ratio with the US dollar. To facilitate this transaction, a negligible amount of Ethereum, approximately 0.0000195 ETH, was used to cover gas fees.
The process followed a standard protocol, where the tokens were first generated from a null address and then transferred to a designated wallet, identified as 0xFbcA8B5f…0Db600BB6. This two-step process is typical for token issuance on Ethereum, where the issuer first mints the assets and then relocates them to a specified destination.
The Ripple Stablecoin Tracker promptly reported this activity on Twitter, highlighting the minting of 2 million RLUSD, which was valued at around $2 million. This update reflects Ripple's ongoing management of its stablecoin supply across different blockchain networks, including Ethereum and the XRP Ledger.
Ripple has been actively managing the supply of RLUSD since its launch, periodically removing and minting tokens to maintain liquidity and balance across supported networks. This recent transaction marks another instance of the company's treasury actions, aimed at adjusting the RLUSD supply in a controlled manner. Market observers link these movements to Ripple's efforts to maintain optimal liquidity levels and perform routine treasury rebalancing.
The absence of a public statement accompanying the transaction is notable, yet the on-chain data clearly confirms the creation and transfer of the new RLUSD supply to the specified wallet. This action aligns with Ripple's established practice of making adjustments to the RLUSD supply in measured increments, as evident from repeated blockchain entries over the past year.
With this latest transaction, Ripple has added 2 million more RLUSD to the circulating supply on Ethereum, further expanding the presence of its stablecoin on the blockchain. As Ripple continues to navigate the evolving landscape of cryptocurrency and blockchain technology, its management of RLUSD supply remains a key aspect of its strategy to maintain stability and liquidity in the market.