Ripple Burns Another 10M RLUSD as Stablecoin Supply Drops 20%

Ripple has burned another 10 million RLUSD tokens, reducing the circulating supply of its dollar-backed stablecoin. This is part of a series of treasury operations that have lowered the supply by 20% from May's peak.

The latest burn follows multiple transactions within a week, with at least 80 million RLUSD being burned since July 6 and 20 million tokens minted during the same period. The movements do not explain who redeemed the RLUSD or why, but Ripple has continued expanding RLUSD use beyond basic payments.

Ripple joined the x402 Foundation as a Premier Member to support machine-to-machine payments using AI agents on the XRP Ledger. It also launched the XRPL AI Starter Kit in June, allowing developers to build software agents that can send and receive payments using blockchain-based assets like RLUSD.