Gemini Just Burned $128,000,000 RLUSD on XRPL, as Supply Drops to $189M

Gemini has carried out a large redemption of Ripple’s RLUSD stablecoin, burning $128 million worth of RLUSD on the XRP Ledger. The update came from Vet, an XRPL validator, who explained that Gemini redeemed the funds by burning RLUSD…