Altcoins News

Story: Ripple’s $449 Million RLUSD Minting Leads to Shocking 99% Burn on XRP Ledger

By Pankaj K

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XRP Ledger vs. Ethereum: Two Very Different Playbooks. Compare that to what happened on Ethereum over the same period.

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What the Burn Rate Actually Tells Traders. Stablecoin burn events tend to spook retail observers who aren't familiar with how institutional…

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Ripple just torched nearly everything it printed. Over the past month, the company minted $449.

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That number sounds alarming if you don't know the context. But it's basically how the XRP Ledger is supposed to work.

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Compare that to what happened on Ethereum over the same period. Ripple issued $403 million in RLUSD there too — but only burned $177.3 million of it.

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Ethereum's RLUSD holders aren't rushing to redeem. They're sitting on it. DeFi protocols, liquidity pools, longer-term positions — Ethereum is where RLUSD goes when someone wants…

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XRP Ledger is the opposite. Fast in, fast out.

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Ripple's network was built for speed — high-frequency institutional settlements where latency matters and you can't have tokens sitting idle.

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And yet the total RLUSD supply is sitting at $1.757 billion right now. Liquidity is split almost evenly between the two chains.

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See also: XRP Holders Gain Self-Custodial Options Access via FXRP Collateral on Derive

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The $35.7 million burn that closed out the most recent cycle is a good example. It's not a net reduction in RLUSD's footprint. The total supply didn't crater. The $1.

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What's murky is the breakdown of who exactly is driving that XRP Ledger volume. Ripple hasn't named specific institutional clients publicly.

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Stablecoin adoption across major financial corridors has grown sharply in recent years, and dollar-backed tokens have become a standard tool for cross-border settlement at the…

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That said, the model creates an obvious imbalance in how supply metrics look depending on which chain you're watching.

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More context: LendProtocol Brings 12% Fixed-Rate Lending to XRP Ledger With 13,713 Active Lenders

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