Ripple Mints $20M More RLUSD, Circulating Supply Hits $1.53B

Ripple minted an additional $20 million of its RLUSD stablecoin on Feb. 20, 2026, bringing total circulating supply to $1.53 billion, part of the company's push to strengthen its position in the regulated stablecoin segment that remains dominated by Tether and USDC ^[1].

The minting occurs amid heightened scrutiny of stablecoins: a report noted roughly $141 billion in stablecoins moved to illicit actors in 2025, highlighting compliance and monitoring challenges for the sector ^[3]. Concurrently, firms are building regulated infrastructure and products—Anchorage Digital launched a one-stop stablecoin hub for banks, and ProShares rolled out the IQMM ETF intended to support stablecoin reserves under GENIUS Act-style rules ^[6][4].

Debate over stablecoin utility and oversight continues: Minneapolis Fed President Neel Kashkari has questioned crypto and stablecoin use cases, while new projects such as Chake Protocol are pursuing institutional on-chain prime brokerage and other specialized services, illustrating varied industry trajectories ^[5][2].

Ripple’s RLUSD supply increase expands its footprint in the regulated stablecoin market as regulators, service providers and critics press on issues ranging from illicit flows to bank-focused stablecoin rails and reserve-supporting financial products ^[1][3][6].