Ripple Removes 25 Million RLUSD From Ethereum Supply as Token Burning Continues
The post Ripple Removes 25 Million RLUSD From Ethereum Supply as Token Burning Continues appeared on BitcoinEthereumNews.com.
In a recent update shared by Ripple stablecoin tracker X account, 25,000,000 RLUSD were burned at the RLUSD Treasury. The transaction details supplied revealed an Ethereum transaction hash supplied by Ethereum, indicating the burn was performed on the Ethereum blockchain. The recent burn follows a mint of 6,060,694 RLUSD on Ethereum blockchain, with the blockchain seeing a string of minting and burning events, especially in the last 24 hours. Within the last 24 hours, Ripple stablecoin tracker reported three other separate burn transactions: two were on the Ethereum blockchain, while the third was on the XRP Ledger. Shiba Inu (SHIB) Price Rises as 58% of Binance Top Traders Go Long, Ripple Treasury Vice President Highlights ‘Big Unlock,’ Bitcoin Whale Buys More After Two Years of Dormancy: Morning Crypto Report ‘Total Lie’: Brian Armstrong and Coinbase Execs Deny Lobbying Against Bitcoin Two separate transactions saw a burn of eight million Ripple USD and three million Ripple USD on Ethereum, respectively, while 15 million RLUSD were burned on the XRP Ledger. This totals 26 million RLUSD burned in these three transactions. A fourth transaction reported in recent hours brings this total to 51 million RLUSD burned all within the last 24 hours. You Might Also Like Meanwhile, the burn activity did not happen separately, as it was accompanied by mint events, with more RLUSD entering circulation. In the last 24 hours, 29,000,000 RLUSD and 14,990,000 RLUSD were minted at the RLUSD Treasury, adding to the Ethereum supply. RLUSD activity ramps up in March Ripple Stablecoin Tracker documents increased activity for RLUSD so far in the month of March, with a number of minting and burn events. You Might Also Like On March 11, 25 million RLUSD were burned on the XRP Ledger in two separate transactions of 15 million and 10 million…
Filed under: News - @ March 13, 2026 2:25 am