Ripple carried out a scheduled issuance of $10 million in RLUSD stablecoins on the XRP Ledger, bringing the token’s market capitalization to $1.52 billion, approximately 20% below its May peaks. Simultaneously, Tether conducted a routine issuance of $1 billion in USDT on the Tron blockchain, increasing its treasury inventory to $91 billion. These two operations illustrate fundamentally different business models: Tether serves the retail market and crypto trading with its massive liquidity, while Ripple targets a narrow B2B payments niche via its Ripple Mint platform. Additionally, large holders, or whales, accumulated more than 380 million XRP over the past week around the psychologically important $1 level.
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