The recent RLUSD burn has set new records on the XRP Ledger, leading to significant implications for the supply of XRP.

A total of 225 million RLUSD has been burned on the XRP Ledger, marking the highest single-day burn since it was launched in December 2024. The increasing demand for the Ripple stablecoin, along with potential ETF approvals, may greatly influence the price of XRP. The largest burn of RLUSD to date occurred yesterday, April 22, at 11:05 (UTC), when an address destroyed 12 million tokens on the XRP Ledger (XRPL). Interestingly, the identical amount was created in under a minute. In exploring the dynamics of these transactions, we discovered that stablecoins of this magnitude are often destroyed for various reasons. Typically, tokens are burned to effectively decrease supply and uphold the 1:153 peg to the US Dollar. The last occasion when a considerable amount of RLUSD tokens were burned in a single day was during the team’s preparations for their launch in December. During that period, 46.7 million tokens were destroyed. Additional Information on the RLUSD Burn. A recent update from XRPL dUNL validator Vet revealed that 12 million tokens were moved to a multi-signature wallet that was previously established by Ripple Deployer. To put it differently, the Treasury added an equivalent volume of RLUSD back onto the Ethereum network. Emphasizing its importance, Vet noted that this transaction successfully facilitated liquidity bridging between the two blockchains, all while ensuring that the circulating RLUSD did not experience any increase. As per CoinMarketCap, the total supply of RLUSD stands at 294 million.