EddieJayonCrypto

 15 May 25

tl;dr

Over the past 24 hours, 4 million Ethereum-based RLUSD tokens have been burned, removing them from circulation. No new tokens were minted during this period. The last minting event occurred on April 25, when 23 million tokens were created. The current total market cap of RLUSD exceeds $300 million.

Over the past 24 hours, 4 million RLUSD tokens have been burned, effectively reducing the circulating supply. This burn involved Ethereum-based RLUSD tokens being sent to irretrievable addresses, removing them from circulation permanently.

No new RLUSD tokens were minted during this period. The last minting event occurred on April 25, when Ripple created 23 million new tokens.

Currently, the total market capitalization of RLUSD exceeds $300 million, reflecting its significant presence in the stablecoin market.


Token burning, as seen with RLUSD, typically aims to increase scarcity and potentially impact token value positively by lowering supply. The minting pause combined with the recent burn underscores a tightening of token supply in the marketplace.

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