San Francisco-based blockchain firm Ripple has conducted another massive burn of its stablecoin, RLUSD on Monday, March 23, permanently removing tens of millions of the token from circulation.
According to data from a Ripple stablecoin tracking platform, a total of 20,000,000 RLUSD have been destroyed on the Ethereum blockchain in a single transaction.
While this is not the first time such activity is conducted on the blockchain, the move marks part of Ripple’s deflationary approach to consistently reduce RLUSD total supply, while driving scarcity for the asset.
Although Ripple is yet to conduct any new RLUSD minting in the new week, the blockchain payment firm appears keen to retain value for RLUSD while rebalancing its liquidity and maintaining stable reserves.
Stablecoin supply on XRPL rockets high
As stablecoins especially RLUSD continues to gain rapid adoption among retail and institutional holders, they have continued to cross major milestones.
Reports showcased earlier on Monday revealed that the XRP Ledger’s stablecoin supply has soared by over 100% since December 2025, hitting a massive $568.89 million.
This suggests that the stablecoin supply has more than doubled over the period, signaling increased adoption and impressive network growth as momentum builds.
While the growth happened on the XRP Ledger, the surge has been majorly fueled by RLUSD’s growing compliance and recognition across the global space.
Its ability to swiftly execute transactions at low costs has also triggered the surge in this metric, so it is no wonder that Ripple has continued to deflate its supply as a way to regulate its market value.
