Ripple Torches Nine Million RLUSD as Race to Two Billion Supply Stalls
Analysis
Price Impact
LowStablecoin burns are a normal part of their lifecycle for maintaining peg and managing supply. while it reduces supply, it doesn't directly impact the price of rlusd as it's designed to be pegged to a stable asset. the reduction in supply is a controlled mechanism, not indicative of market panic or a loss of confidence.
Trustworthiness
HighPrice Direction
NeutralRlusd is a stablecoin, meaning its price is intended to remain stable, typically pegged to a fiat currency like the us dollar. burns are a mechanism to manage supply and maintain this peg, not to influence its price to increase or decrease significantly.
Time Effect
ShortThe burn itself is an event that occurs at a specific time. while it's part of an ongoing supply management strategy, the immediate effect of a single burn event is short-lived and doesn't typically cause sustained price shifts for a stablecoin.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Blockchain payment firm Ripple Labs has permanently removed nine million RLUSD stablecoins from circulation via burning. In the crypto space, burns send tokens to a dead wallet address, reducing the circulating supply forever. Advertisement Why nine million RLUSD burn? Ripple Stablecoin Tracker, a community-run account that monitors and reports on-chain activity for RLUSD, shared the details of the latest burn. Per the details, Ripple permanently removed 9,000,000 RLUSD tokens from existence via its treasury wallet. This specific 9,000,000 RLUSD burn is one in a series of large treasury burns reported by the Ripple Stablecoin Tracker. In mid-March, Ripple destroyed 25,000,0000 RLUSD through burning , performed on the Ethereum blockchain. Before this burn, the blockchain payment firm removed 10,000,000 RLUSD from circulation, conducted on the XRP Ledger (XRPL). 🔥🔥🔥🔥🔥🔥 9,000,000 #RLUSD burned at RLUSD Treasury. https://t.co/3K4NW7GKCE — Ripple Stablecoin Tracker (@RL_Tracker) March 20, 2026 For emphasis, burns are routine for regulated stablecoins like RLUSD. They occur during redemptions or for rebalancing, maintaining a perfect 1:1 backing for audits. Additionally, Ripple manages supply surgically. The platform mints when demand spikes and burns when it cools, keeping reserves fully backed. Two billion supply target Since debuting in December 2024, RLUSD has seen substantial activity and market cap growth since launching. As of now, the stablecoin has a market cap of $1.5 billion and a trading volume of $113.8 million. You Might Also Like Fri, 03/20/2026 - 15:02 XRP Ledger's Payments Surge Past 1.5 Million Threshold as Institutional Adoption Continues By Arman Shirinyan The Ripple community has consistently hyped the market cap growing to the $2 billion milestone. Some believe the target is achievable soon, citing integrations like Deutsche Bank, SBI Japan and high volumes. However, aggressive burns like the nine million and larger ones in March 2026 slowed net growth. As such, supply stalled and even grew more slowly than expected, despite an earlier rapid trajectory. Still, the latest burns signal healthy, active management and real redemptions and utility. It also shows institutional use rather than speculative hype. #RLUSD