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RLUSD Burn...
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RLUSD Burn Breaks Records on XRP Ledger—Here’s the Impact on XRP Supply

  • 12 million RLUSD burnt on the XRP Ledger, largest single-day burn since inception.
  • Rising demand for Ripple stablecoin, potential ETF approvals could impact XRP price.
  • Transaction marks successful bridge of liquidity between XRP Ledger and Ethereum network without increasing RLUSD in circulation.
  • Increased usage of Ripple stablecoin leads to reduction in circulating supply, causing upward surge in XRP price.

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