A recent post by XRPL validator Vet has highlighted a notable increase in RLUSD’s issuance on the XRP Ledger and its connection to the cryptocurrency exchange Gemini. In the message shared on social media, Vet wrote, “Lots of RLUSD issued on the XRP Ledger for Gemini. What are ya all cooking or is this all exchange demand for RLUSD?” The comment refers to a surge in stablecoin activity on-chain and raises questions about whether the movement is tied to upcoming initiatives or increased demand on the exchange. Lots of RLUSD issued on the XRP Ledger for Gemini. What are ya all cooking or is this all exchange demand for RLUSD? — Vet (@Vet_X0) March 5, 2026 The observation comes after huge numbers of RLUSD were minted on the XRP Ledger. In early March 2026, the issuing entity completed its largest RLUSD mint so far, creating approximately 69 million tokens directly on the network. Blockchain monitoring accounts that track RLUSD activity reported that a large portion of the newly issued supply was transferred to addresses associated with Gemini. The concentration of freshly minted tokens moving toward the exchange is the development that prompted Vet’s public question. RLUSD has expanded rapidly since its launch in late 2024. The stablecoin surpassed $1.5 billion in market capitalization within about a year. This growth indicates that RLUSD has progressed beyond early-stage experimentation and is now operating at a meaningful scale within the stablecoin market. Increased issuance has also contributed to higher activity on the XRP Ledger because every RLUSD transaction leverages network features such as trustlines, reserve requirements, and decentralized exchange routing. Potential Projects Behind the Increased Activity Vet’s comment suggested two possibilities: that developers may be preparing new products or that the issuance reflects demand from exchange users. Gemini explained the sudden inflow of RLUSD liquidity in recent initiatives. One initiative involves a pilot program connecting Gemini with Mastercard and WebBank. The project is examining the use of RLUSD on the XRP Ledger as a settlement layer for transactions associated with the Gemini Credit Card. Payment card settlements traditionally require one to three days before completion. Using RLUSD on the ledger could allow settlements to occur much faster, reducing costs and lowering the amount of capital banks must hold while waiting for transactions to clear. Gemini has also expanded its derivatives operations. The exchange’s derivatives division recently secured approval from the Commodity Futures Trading Commission. Large RLUSD balances on the platform could support trading pairs connected to new financial products, including event contracts and prediction markets. Exchange Demand and Institutional Liquidity Another explanation for the increase in RLUSD issuance is rising exchange demand. Gemini recently removed trading fees for RLUSD against the U.S. dollar, positioning the exchange as a central access point for the stablecoin. Eliminating fees can encourage both retail traders and professional market makers to use the asset more frequently. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The exchange has also introduced yield opportunities for RLUSD holders, offering returns that can reach approximately four percent annually. Programs like this can motivate users to keep their RLUSD balances on the platform rather than immediately withdrawing or converting them. Institutional use may also contribute to the increase. Through partnerships with firms such as LMAX Group, RLUSD is being used as collateral in trading and financial services. Institutions that rely on regulated stablecoins for collateral often require large liquidity, which may explain why significant amounts of RLUSD are being issued and directed toward a major exchange. Vet’s tweet ultimately raises a straightforward question regarding the recent on-chain activity. Whether the surge in RLUSD issuance signals preparation for new financial products or reflects increasing trading demand, the activity indicates that RLUSD is becoming a significant part of the growing ecosystem surrounding the XRP Ledger and the exchange Gemini. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Lots of RLUSD Issued on the XRP Ledger for Gemini. What’s Happening? appeared first on Times Tabloid .
