Crypto
Ripple burns another 10 million RLUSD tokens, cuts supply and expands use cases
Ripple burned an additional 10 million dollar-pegged stablecoin RLUSD tokens, extending its recent supply-adjustment trend. Market participants are interpreting the burn as a normal supply management process tied to customer redemptions rather than a signal of weakening demand. RLUSD’s circulating size has fallen, with its market value at about $1.52 billion, down about $380 million from late May. Ripple is also expanding RLUSD uses in AI payments and donations.
