Ripple USD (RLUSD) Stablecoin Burn Activity Drops to Zero as June Kicks off

Ripple USD stablecoin is starting June quietly, with $0 burned at May's close. According to the Ripple USD tracker website, RL tracker, $0 $RLUSD has been burned since June began. This trend was seen on May 30 when $0 $RLUSD was burned.

The pause in $RLUSD burning follows weeks of significant mint and burn activity, with May 20 marking the biggest mint event for $RLUSD with $261 million minted. On this same day, $165.1 million $RLUSD was burned.

On June 1 so far, $6.2 million $RLUSD has been minted with this figure likely to increase as the day progresses. The temporary balance in burn and minting has seen $RLUSD market capitalization stay slightly above $1.7 billion. The total supply, according to the RL tracker, is $1.704 billion.

$613,271,598 of this supply is on the $XRP Ledger, up over 80% from $340.3 million reported at the close of Q1 2026, according to Messari's recent report. $1.09 billion of $RLUSD supply sits on the Ethereum blockchain.

$RLUSD burn engine goes quiet

According to data from the Ripple USD stablecoin tracker website, the last $RLUSD burn occurred about 3 days ago.

However, in the last 30 days, the total $RLUSD burned surpassed that minted as Ripple embarked on $RLUSD supply reduction.

A total of 304.4 million $RLUSD was minted in the last 30 days, while total $RLUSD burned came in at $396.8 million in the same timeframe.

$RLUSD is integrated across Ripple's financial products, providing immediate access for regulated institutional enterprise use in payments, treasury management, prime brokerage, and custody. This allows $RLUSD supply to increase from real institutional demand rather than just CEX liquidity or unsustainable business development.

The majority of $RLUSD holders were on the XRPL at Q1 2026 close. However, most $RLUSD transfer volume took place on Ethereum.