TLDR
- RLUSD recorded a net liquidity inflow of over $275 million within seven days.
- The XRP Ledger saw increased minting and burning activity during the same period.
- More than $354 million RLUSD was minted while $78.7 million was burned.
- Crypto exchange Binance supported RLUSD transactions and expanded its utility.
- RLUSD market capitalization surpassed $1.7 billion as adoption continued to grow.
RLUSD activity increased sharply over the past seven days on the XRP Ledger. Data shows strong minting and burning activity driving liquidity changes. The net inflow exceeded $275 million, reflecting growing use of RLUSD across crypto markets.
RLUSD Minting and Burning Surge on XRP Ledger
RLUSD recorded heavy minting and redemption activity during the past week. This data was shared by XRP Ledger Foundation community director Hussein Zangana.
Zangana, known as Vet on X, reported multiple transactions involving RLUSD. He also serves as a dual validator on the XRP Ledger network.
He stated that there were “lots of minting and redeeming of RLUSD on XRP.” His update highlighted strong on-chain activity linked to the stablecoin.
Lots of minting and redeeming of $RLUSD on XRP this week.
Net inflow liquidity of +$275M. Binance also handled some RLUSD – ICYMI they also service RLUSD on XRP.
Good chances we see next week Gemini with end of month mint/redemptions. pic.twitter.com/zYOIhO3ZgT
— Vet (@Vet_X0) May 24, 2026
On May 22, 10,095,600 RLUSD was minted at RLUSD Treasury. A day earlier, 15,000,000 tokens were burned while 10,036,746 were minted.
On May 20, another 20,000,000 RLUSD tokens were burned at the treasury. Separate transactions also included 230,000,000 RLUSD minted on the XRP Ledger.
An additional 10,000,000 RLUSD was burned during the same period. These transactions contributed to overall supply adjustments.
Data shared by Vet showed $354.4 million RLUSD minted within seven days. Meanwhile, total burned tokens reached $78.7 million during the same period.
This resulted in a net liquidity inflow of more than $275 million. The figures indicate rising transactional use on the XRP Ledger.
Exchange Support Expands RLUSD Utility
Crypto exchange Binance handled part of the RLUSD transactions during the period. Vet confirmed this in his public statement on X.
He said, “Binance also handled some RLUSD ICYMI they also service RLUSD on XRP.” This reflects exchange-level integration.
Binance listed RLUSD earlier this year with multiple features. These included spot trading, portfolio margin eligibility, and Binance Earn support.
The listing allowed users to trade and manage RLUSD across different strategies. It also expanded its role in leveraged trading products.
Vet also pointed to possible upcoming activity involving Gemini. He suggested that more minting and redemption could occur near month-end.
He stated, “Good chances we see next week Gemini with end of month mint/redemptions.” This comment referenced expected operational cycles.
RLUSD’s market cap has crossed $1.7 billion recently. The growth aligns with increased use in payments and decentralized finance applications.
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