Ripple Burns 4M RLUSD Tokens Amid Growing Stablecoin Demand

Ripple has burned 4 million RLUSD tokens on the Ethereum network in the past 24 hours, according to data from the Ripple Stablecoin Tracker on X. This large-scale token burn signals Ripple’s ongoing effort to manage RLUSD supply and potentially strengthen the stablecoin’s market position.

Token burning, a common practice in crypto markets, involves sending tokens to irretrievable addresses, effectively removing them from circulation. This mechanism can help control inflation, stabilize prices, and increase scarcity, potentially benefiting long-term holders.

Notably, no new RLUSD tokens were minted during the same 24-hour period. The last minting event occurred on April 25, when Ripple issued 23 million tokens. This recent burn with no corresponding issuance marks a deflationary turn for the RLUSD supply dynamics.

With RLUSD's total market capitalization now exceeding $300 million, Ripple's continued control over token supply is drawing attention. The strategic burn aligns with the company’s goal of maintaining a stable and demand-driven ecosystem for its Ethereum-based stablecoin.

The move comes amid growing interest in RLUSD, one of the most closely watched stablecoins in the market. It has gained traction among crypto investors due to Ripple’s strong brand recognition and its cross-border payments infrastructure.

As the broader stablecoin sector faces increased regulatory scrutiny and market competition, Ripple’s active supply management could set RLUSD apart. The market will be watching closely for Ripple’s next steps—whether it opts for another burn, a new minting round, or further integrations within its expanding financial network.

Stay updated on Ripple and RLUSD developments as the stablecoin race intensifies.