TLDR
- Ripple burned 10 million RLUSD in the second major supply reduction recorded on the same day.
- Blockchain tracker @RL_Tracker flagged the 10 million RLUSD burn on the public ledger.
- Ripple’s treasury burned a total of 45 million RLUSD over the past seven days.
- During the same period, Ripple minted only 10 million RLUSD based on blockchain data.
- On March 23, Ripple executed a single-day burn of 30 million RLUSD.
Ripple reduced its stablecoin supply again after executing a 10 million RLUSD token burn today. The move followed another large burn earlier in the day, according to blockchain tracker data. Over the past week, the RLUSD Treasury burned 45 million tokens while minting 10 million tokens.
RLUSD Treasury Records Fresh 10 Million Token Burn
Blockchain tracker @RL_Tracker reported that Ripple destroyed exactly 10 million RLUSD in the latest transaction. The tracker recorded the transfer to a null address on the public ledger. The burn marked the second major supply reduction recorded earlier the same day.
Earlier records showed another large burn before the 10 million RLUSD transaction. Combined data confirmed two separate supply reductions within hours. Ripple has not issued a public statement regarding the transactions.
Over the last seven days, the RLUSD Treasury burned 45 million tokens in total. During the same period, Ripple minted only 10 million RLUSD. The weekly net supply change reflected a reduction of 35 million tokens.
Weekly RLUSD Supply Data Shows Heavy Redemptions
On March 23, Ripple executed a 30 million RLUSD burn in a single day. Blockchain records confirmed that the transaction was one of the largest this week. The data suggested strong redemption flows from institutional clients.
In contrast, Ripple minted 10 million RLUSD on March 19. That issuance followed incoming capital that required new tokens on-chain. Minting events create a fresh supply to match deposited U.S. dollars.
Ripple uses burns and mints to keep RLUSD fully backed by fiat reserves. When clients redeem tokens, Ripple removes the matching amount from circulation. The process maintains a one-to-one relationship between supply and bank-held dollars.
Fully backed fiat stablecoins rely on this operational model to manage supply. Ripple sends redeemed RLUSD to a null address to complete the burn. The blockchain permanently records each transaction for public verification.
The recent activity formed part of routine treasury management operations. Ripple’s automated systems track supply changes in real time. Public trackers continue to log each burn and mint as they occur.
Data from @RL_Tracker confirmed both burns occurred on-chain today. The second burn accounted for exactly 10 million RLUSD. The ledger entry showed immediate removal from the circulating supply.
Over the past week, Ripple’s treasury actions reduced overall supply levels. Total burns reached 45 million RLUSD, while total minting reached 10 million. The net weekly contraction, therefore, stood at 35 million tokens.
These transactions represent the most recent publicly recorded RLUSD supply movements. Blockchain data continues to display updated balances and treasury transfers. The latest burn of 10 million RLUSD stands as the most recent entry on record.
Considering a new stock? You may want to see what’s on our watchlist first.
Our team at Knockout Stocks follows top-performing analysts and market-moving trends to spot potential winners early. We’ve identified five stocks gaining quiet attention that could be worth watching now. Create your free account to unlock the full report and get ongoing stock insights.Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
