Ripple’s US dollar Stablecoin, RLUSD, supplied another large contraction after more than 2.71 million tokens were burned permanently at the Treasury. The tracker indicates that RLUSD was forwarded to the null address of Ethereum on September 9th.
This latest event includes a series of 1 million-sized burns executed by Ripple in the last two weeks, followed by a trade of 1,000,000 RLUSD on September 3rd, and another identical burn on August 29th.
In the case of ripples, these burns are only part of the standard RLUSD issuance and redemption cycle. The company will create new, silly idiotic things once demand rises and redemptions are processed, and remove excess supply through direct burns after the dollar returns to the reserve.
🔥🔥🔥🔥🔥🔥🔥 2,714,248 #RLUSD RLUSD TREASURY.HTTPS: //t.CO/IWILP59JH0 burned
– Ripple Stablecoin Tracker (@RL_Tracker) September 9, 2025
Essentially, make sure you always have the same amount of stubcoin as Fiat’s collateral. This helps stabilize the $1 peg.
Numbers behind Ripple USD
Market data shows RLUSD is trading at $1 in parity, with a market capitalization of $728 million, with daily volume exceeding $84 million, more than double the previous day.
The total supply of tokens is currently at RLUSD 728.51 million, which is roughly the same as its distribution supply, indicating that most of the units created are still active in the market.
Liquidity still extends to both centralized and decentralized venues. Bully exchanges have led the way for RLUSD/USDC and XRP/RLUSD pairs, but UNISWAP V3 and Curve keep things active on the Stablecoin route. BitStamp and LMAX Digital offer RLUSD for major Fiat and cryptography pairs, making them easier to access.
