Ripple Burns $15M of Stablecoin RLUSD Amid Market Surge

Ripple's stablecoin RLUSD has seen significant treasury transactions in September 2026, including a $15 million burn on September 10.

The burn was part of a broader pattern of rapid-fire minting and burning tokens, reflecting the dynamic nature of RLUSD's circulating supply.

RLUSD's market capitalization has surged to $2.42 billion, up from around $1.76 billion on August 18, despite the burns.

Ripple is expanding RLUSD's institutional applications, positioning it as a building block for regulated financial activity across digital asset markets.