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Ripple burned about $120 million worth of RLUSD on April 30 through two separate transactions on the XRP Ledger, reducing the token’s supply on XRPL. Data also points to a recurring end-of-month burn followed by early-month minting pattern tied to liquidity adjustments.
Ripple processed two RLUSD burn transactions on the XRP Ledger within hours on April 30. The first transaction removed $85 million worth of RLUSD at 15:46 UTC. Later, Ripple completed another burn of 34.248 million RLUSD at 21:24 UTC.
Together, the two transactions totaled $119.25 million removed from circulation.
After the burns, current data shows only $253 million remains on XRPL. Most of the remaining RLUSD supply is held on Ethereum, where about $1.191 billion remains—equivalent to 82.5% of the total supply outside the XRP Ledger.
Some noticed the RLUSD burn activity on XRP today. I posted about the end of month burn pattern on XRP by the RLUSD issuer account. Followed by mint liquidity on XRP the 1st of the following month RLUSD is growing on XRP...
A tracker created by validator Vet recorded both transactions. Vet said the April 30 activity “marks one of the largest intraday RLUSD burns recorded,” and that the event ranks as the second-largest burn in a single day, with only the March 31 burn exceeding the volume.
Historical data indicates Ripple often follows large burns with early-month minting. The sequence has repeated across several recent months:
On Dec. 31, 2025, Ripple burned $58 million in RLUSD, then minted $67.6 million on Jan. 2, 2026.
In late January, Ripple burned $93.2 million before minting $102 million in early February.
In late February, Ripple removed $88.7 million in RLUSD, then minted the same amount on March 2.
March included the largest burn event so far, with Ripple removing $179 million on March 31 across networks.
Early April followed with a mint of $123.6 million within the first two days of the month.
Vet referenced the trend, stating: “Large burns often precede similar mint volumes shortly after.” The reported data supports this recurring sequence.
The April 30 burns reduced RLUSD circulating supply on the XRP Ledger, shifting the token’s distribution further toward Ethereum. XRPL currently hosts 17.5% of RLUSD supply, reflecting the impact of repeated burn transactions.
Ethereum continues to hold the majority share, with 82.5% of RLUSD supply outside XRPL.
Despite the supply changes, RLUSD remains among the top stablecoins. It currently ranks eighth by market capitalization. Data indicates RLUSD would need about $1 billion growth to reach seventh place, placing it behind competitors in that ranking.
Burn and mint cycles continue to shape RLUSD supply levels, and the next mint activity may occur in early May based on prior timing.
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