RLUSD Burn Breaks Records on XRP Ledger—Here’s the Impact on XRP Supply

Ripple Sparks Attention with Massive 54M RLUSD Mint-and-Burn Cycle

Ripple, the San Francisco-based blockchain giant, has reactivated its Ripple USD (RLUSD) stablecoin operations following a two-day break. In the past twelve hours alone, Ripple minted and subsequently burned a substantial 54 million RLUSD tokens, reinforcing its commitment to stress-testing its latest offering. 54 Million RLUSD Minted and Burned According to data from the Ripple Stablecoin Tracker (@RL_Tracker), Ripple conducted two major transa…

CoinStats - Ripple’s RLUSD Skyrockets 45% in Volume as In...

Ripple’s stablecoin RLUSD saw a dramatic 45 percent surge in trading volume over the past 24 hours. The spike signals a growing shift among crypto investors moving away from volatile assets in search of stability. According to CoinMarketCap data, RLUSD’s daily volume surpassed $113 million despite being less than five months old. This significant rise highlights increasing confidence in the token’s ability to provide a stable trading environment…

XRP Ledger Sees Largest RLUSD Burn Since Launch

The XRP Ledger (XRPL) has recorded its largest RLUSD burn since the stablecoin’s launch, with $12 million redeemed in a single transaction. The update was shared by Vet (@Vet_X0), a recognized figure in the crypto space and a validator on the XRP Ledger. This is the largest burn of $RLUSD on the XRP Ledger since the launch of RLUSD. Minting issues RLUSD on customer request-> liquidity on ramp to the XRPL. Burning redeems RLUSD on customer reque…

Ripple stablecoin burn rate skyrockets

Summary⚈ 12 million RLUSD were burned on April 22 in a record transaction.⚈ The burn was part of a cross-chain transfer from XRP Ledger to Ethereum.⚈ RLUSD supply moved for liquidity reasons, not due to a deflationary mechanism change. At 11:05 PM UTC on April 22, the largest Ripple USD (RLUSD) burn thus far occurred.  To be precise, data retrieved by Finbold from Xrpscan shows that 12,000,000 units of the Ripple stablecoin were burned. Ripple s…

RLUSD Burn Breaks Records on XRP Ledger—Here’s the Impact on XRP Supply

The post RLUSD Burn Breaks Records on XRP Ledger—Here’s the Impact on XRP Supply appeared on BitcoinEthereumNews.com. 12 million RLUSD has been burnt on the XRP Ledger, becoming the largest single-day burn since its inception in December 2024. The rising demand for the Ripple stablecoin, coupled with the potential ETF approvals, could significantly impact the price of XRP.  The largest ever RLUSD burn since its inception was recorded at 11:05 (U…

Ripple’s Strategic Move Boosts RLUSD Trading Volume by 200%

Ripple permanently removed 12 million RLUSD tokens to increase market scarcity. RLUSD's trading volume surged by 200%, indicating heightened investor interest. Continue Reading:Ripple’s Strategic Move Boosts RLUSD Trading Volume by 200% The post Ripple’s Strategic Move Boosts RLUSD T...