Ripple Burns $15M in RLUSD Tokens Amid Treasury Activity

Ripple has once again removed a large quantity of its dollar-pegged token RLUSD from circulation, burning 15 million tokens worth $15 million on September 10, 2026.

This move is part of a busy stretch of treasury activity that has seen Ripple mint and redeem tens of millions of RLUSD tokens within days of each other, raising questions about what's driving the stablecoin's supply swings.

The burn didn't happen in isolation, as it followed a wave of minting: 18 million RLUSD on September 7, 20 million on September 4, and 16 million on September 3. The market capitalization of RLUSD climbed to roughly $2.42 billion by September 10, up from about $1.76 billion on August 18.

Large burns don't necessarily signal weak demand - they often reflect customer redemptions tied to normal reserve management, Ripple said.