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Bitsky000

06/23 12:12

Ripple Slashes RLUSD Supply In Massive Burn Wave

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Ripple Slashes RLUSD Supply In Massive Burn Wave Ripple has burned $539 million worth of its RLUSD stablecoin over the past 30 days, according to onchain data from validator Vet's community tracker. Burns exceeded mints by more than $129 million over the same period, marking a notable period of supply contraction for the regulated dollar token. A Record Burn Streak Most of the destruction was concentrated between June 2 and 12, making it the longest intraday burn streak since RLUSD launched in December 2024. The single largest burn came on June 3, when $75.1 million was removed from circulation in a single day. The scale and duration of this episode stands apart from previous activity, which had typically involved shorter, more isolated burn events.
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