TLDR
- Ripple burned 10,000,000 RLUSD in one XRP Ledger transaction, its largest RLUSD burn so far.
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A day earlier, Ripple burned 999,965 RLUSD on Ethereum, according to RL_Tracker.
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Ripple minted 6,000,000 and 1,000,000 RLUSD on March 9 after a 69,000,000 mint earlier in March.
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Ripple plans to acquire BC Payments Australia to access an Australian Financial Services License.
Ripple has removed 10 million RLUSD from circulation in its largest burn since the stablecoin launched. The move came after recent minting activity and another burn on Ethereum a day earlier. It also arrived as the company moved to expand its payments business in Australia through a proposed licensed entity acquisition.
Ripple Records Its Largest RLUSD Burn
RL_Tracker has reported that Ripple burned 10,000,000 RLUSD in one transaction on the XRP Ledger. Based on the details provided, this is the biggest single RLUSD burn so far.
The burn followed another treasury move on the previous day. RL_Tracker said Ripple removed 999,965 RLUSD from circulation on Ethereum. RLUSD operates on both the XRP Ledger and Ethereum.
🔥🔥🔥🔥🔥🔥🔥 10,000,000 #RLUSD burned at RLUSD Treasury.https://t.co/6K5XxHh3U6
— Ripple Stablecoin Tracker (@RL_Tracker) March 10, 2026
These transactions point to active supply management by Ripple. The company appears to be adjusting circulating supply across both supported blockchains as market needs change.
Earlier this month, Ripple also burned 4,500,000 RLUSD on March 8. That means the company has recently used both minting and burning to manage the token’s supply.
Burns Follow a Fresh Round of RLUSD Minting
Before the latest burn, Ripple minted new RLUSD in several batches. The company created 6,000,000 RLUSD and 1,000,000 RLUSD on March 9. The largest mint in this recent period came earlier in March. Ripple created 69,000,000 RLUSD in that move, according to the information provided.
That sequence places the 10 million burn in a broader treasury pattern. Ripple is not only issuing RLUSD but also removing supply when needed.
Unlike some stablecoin issuers, Ripple appears to use frequent supply adjustments. The pattern matches the company’s stated focus on payment liquidity and controlled settlement flows.
This does not change the token’s backing by itself. Still, the burns and mints show how the company manages available RLUSD across networks and treasury wallets.
Australia’s Expansion Adds Another Layer to the Update
Ripple also said it plans to secure an Australian Financial Services License through the proposed acquisition of BC Payments Australia Pty Ltd. The deal is still subject to completion.
If completed, the transaction would let Ripple offer its payments stack in Australia through one integration. That would include onboarding, compliance, funding, foreign exchange, liquidity management, and payout.
Ripple said the Asia-Pacific region remains a key market. Fiona Murray, managing director for Asia Pacific, said,
“Australia is a key market for Ripple, and an AFSL strengthens our ability to scale Ripple Payments across the region.”
The company also said its APAC payments volume nearly doubled year over year in 2025. Ripple has reported $100 billion in total processed volume across 60 markets.
RLUSD remains part of Ripple’s broader payments push
Ripple said Australian clients would also be able to access RLUSD. That links the stablecoin more closely to the company’s cross-border payments offering.
Monica Long, Ripple’s president, also commented on the wider licensing effort. She said,
“75+ licenses worldwide and counting. Compliance is how we scale.”
Ripple is also joining Project Acacia, a digital asset infrastructure initiative led by Australia’s central bank and the Digital Finance Cooperative Research Centre.
