Ripple Burns Nearly 10 Million RLUSD on Ethereum
April 1, 2026 at 14:41
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✦ AI Summary
- Ripple has eliminated 9.89 million RLUSD stablecoins
- The action follows a significant minting event
- This move impacts the overall supply in the market
Ripple has recently taken significant action by burning 9.89 million RLUSD stablecoins on the Ethereum blockchain. This decision follows a massive minting event that saw a substantial increase in the stablecoin's supply. By reducing the total amount of RLUSD in circulation, Ripple aims to influence market dynamics and maintain the stability of the cryptocurrency ecosystem.
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