Ripple Burns Another 10 Million RLUSD

Cover image via www.freepik.com Ripple has burned another 10 million RLUSD tokens, extending a series of treasury supply reductions that have steadily reduced the circulating supply of its U.S. dollar-backed stablecoin. Advertisement According to blockchain data shared by the Ripple Stablecoin Tracker, 10 million RLUSD were sent to a null address from the RLUSD Treasury on Tuesday. This means that the token got removed from circulation. The latest burn follows a string of nearly identical treasury operations over the past week. HOT Stories Ripple Burns Another 10 Million RLUSD SBI Secures XRP Lending Infrastructure; 969 Million Shiba Inu (SHIB) on Exchanges Fuel 76% Spike; Wintermute Details 2 Key Bitcoin Recovery Catalysts - Morning Crypto Report The tracker reported 10 million RLUSD burns on July 13, July 10 (twice), July 9, July 8, July 7, and July 6. The most recent mint took place on July 6 (Ripple created 20 million RLUSD). Advertisement RLUSD's market cap falls from its peak The repeated burns have coincided with a decline in RLUSD's circulating supply. According to CoinGecko data, RLUSD currently has a market capitalization of approximately $1.52 billion. This is a notable decline from late May, when RLUSD's market capitalization briefly climbed to around $1.9 billion. Advertisement RLUSD's circulating supply has contracted by roughly $380 million, or about 20%, from its peak. You Might Also Like Tue, 07/14/2026 - 12:30 Ripple SEC Victory: Lawyer Says 4,000 XRP Holders Played Crucial Role By Tomiwabold Olajide Fiat-backed stablecoins such as RLUSD regularly undergo minting and burning operations to align the circulating supply with customer demand. New tokens are minted when institutional customers deposit dollars to issue additional stablecoins. At the same time, tokens are burned when users redeem RLUSD for U.S. dollars. It is worth noting that treasury burns do not necessarily indicate weakening adoption. RLUSD's recent wins Ripple has continued expanding RLUSD's utility across various sectors. Earlier today, Ripple announced it had joined the Linux Foundation's new organization to integrate stablecoin payments for AI agents. Ripple said AI agents can already transact using RLUSD through x402 on the XRP Ledger, as the company works to establish open standards for autonomous machine-to-machine payments. On Monday, the company announced that its Ripple Effect initiative with Hire Heroes USA would use funding made possible through an RLUSD donation to provide $250,000 in grants. #Ripple News #RLUSD #XRP News