- RLUSD activity jumps as over 118M tokens move in a day, reflecting rising month-end supply adjustments.
- Large RLUSD mint and burn cycles highlight growing demand and active supply management on the XRP Ledger.
- RLUSD dominates XRPL stablecoins as market value nears $450M, driven by steady inflows and usage growth.
Activity around Ripple’s RLUSD stablecoin is picking up, with large amounts of tokens being created and removed on the XRP Ledger. More than 59 million RLUSD tokens were burned in the past 24 hours, while new tokens were also issued at the treasury, according to blockchain data. This kind of movement usually happens toward the end of the month as supply is adjusted to match demand.
Data from Ripple Stablecoin Tracker shows three transactions during that period. About 59,364,323 RLUSD was burned after an earlier mint, while two separate transactions added more than 69 million tokens. In total, activity crossed 118 million RLUSD in a single day. The pattern shows how the issuer regularly increases or reduces supply to keep the token in line with the U.S. dollar.
Mint and Burn Cycles Signal Liquidity Shifts
It’s worth noting that the RLUSD stablecoin moves in line with the US dollar. Coins are minted when individuals make deposits into their accounts, and when withdrawals are made, they are taken out of circulation.
Recent data points to a recurring pattern in activity toward the month-end. Analyst Vet highlighted the trend on X, stating: “Interesting RLUSD pattern for minting and burning on XRP Ledger. The mints and burns get bigger and bigger and happen around the month-end/start. If the pattern holds, a huge RLUSD mint and burn around April 30th and May 2nd is incoming.”
Blockchain records support that observation. On April 25, more than 25 million RLUSD were minted on Ethereum in two transactions. Similar issuance occurred on April 24 and April 23 across both Ethereum and the XRP Ledger, pointing to a pickup in cross-network activity.
XRPL Growth Tied to Stablecoin Expansion
Increased RLUSD usage is bringing greater movement within the XRP Ledger outside of its own token. This is because the fee attached to each transaction involving XRP is burnt, whereas higher usage of stablecoins is contributing to improved liquidity.
According to DefiLlama, the total market capitalization of XRPL stablecoin is currently estimated at $447 million. This indicates an increase of around $24 million in the last seven days, with more than 88% of the total coming from RLUSD.
Source: DefiLlama
The data further shows that the total XRPL stablecoin trend has been increasing continuously over time. The market size has grown from less than $100 million to almost $450 million.
Related: Ripple’s Corporate Treasury Will Boost Companies’ Bottom Lines—Analyst
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