Ripple's RLUSD Stablecoin Burns 99% of Supply on XRP Ledger

Ripple's RLUSD stablecoin has seen significant activity on the XRP Ledger over the past 30 days, with $449.3 million in tokens minted and a staggering 99% burn rate.

The high turnover reflects the institutional use of RLUSD as an instrument for real-time settlements, which are then redeemed almost immediately for fiat currency.

This dynamic has resulted in a net supply growth of practically zero on the XRP Ledger, with the infrastructure designed to process instant conversions with minimal friction.

In contrast, Ethereum issued $403 million in RLUSD over the same period but retained more than $225 million in net inflows due to its DeFi ecosystem accumulating liquidity.