RLUSD Supply Drops After Ripple Executes $120M End-Month Burn

TLDR

• Ripple burned about $120 million worth of RLUSD on April 30 through two separate transactions.
• The burn ranks as the second-largest intraday RLUSD reduction recorded on the XRP Ledger.
• The transactions reduced RLUSD supply on the XRP Ledger to about $253 million.
• Ethereum now holds about 82.5% of the total RLUSD supply after the latest burn.
• Historical data shows Ripple often follows large burns with early-month mint activity.

Ripple executed large RLUSD burn transactions on April 30, reducing supply across networks. The company removed about $120 million through two separate ledger entries. Data shows a repeated monthly pattern tied to liquidity adjustments.

RLUSD Burn Activity Reduces Supply on XRPL

Ripple processed two 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, these transactions totaled $119.25 million removed from circulation.

The burn reduced RLUSD supply held on the XRP Ledger. Current data shows only $253 million remains on XRPL after the reduction.

Meanwhile, most RLUSD supply sits on Ethereum. About $1.191 billion, or 82.5%, remains outside the XRP Ledger.

A tracker created by validator Vet recorded both transactions. Vet stated, “This marks one of the largest intraday RLUSD burns recorded.”

The tracker confirms the event ranks as the second-largest burn in a single day. Only the March 31 burn exceeded this volume.

Monthly RLUSD Pattern Points to Incoming Mint Activity

Historical data shows Ripple follows large burns with early-month minting. This pattern has repeated across several recent months.

On Dec. 31, 2025, Ripple burned $58 million in RLUSD. It then minted $67.6 million on Jan. 2, 2026.

The company repeated this pattern in late January. It burned $93.2 million before minting $102 million in early February.

In late February, Ripple removed $88.7 million in RLUSD. It then minted the same amount on March 2.

March recorded the largest burn event so far. Ripple removed $179 million on March 31 across networks.

Early April followed with a mint of $123.6 million. These transactions occurred within the first two days of the month.

Vet referenced this trend and said, “Large burns often precede similar mint volumes shortly after.” The data supports this recurring sequence.

RLUSD Supply Distribution and Market Position

The recent burn lowered RLUSD circulating supply on the XRP Ledger. The total supply now reflects a sharp shift toward Ethereum holdings.

XRPL currently hosts only 17.5% of RLUSD supply. This marks a drop after repeated burn transactions.

Ethereum continues to hold the majority share. Its 82.5% portion reflects ongoing distribution changes.

Despite supply changes, RLUSD remains among the top stablecoins. It currently ranks eighth by market capitalization.

Data shows RLUSD needs about $1 billion growth to reach seventh place. Current figures place it behind competitors in that ranking.

Burn and mint cycles continue to shape RLUSD supply levels. The next mint activity may occur in early May based on prior timing.

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