RLUSD Supply Drops After Ripple Executes $120M End-Month Burn

Table of Contents Ripple executed large RLUSD burn transactions on April 30, reducing supply across networks. The company removed about $120 million through two separate ledger entries. Data shows a repeated monthly pattern tied to liquidity adjustments. Ripple processed two burn transactions on the XRP Ledger within hours on April 30. The first transaction removed $85 million worth of RLUSD at 15:46 UTC. Later, Ripple completed another burn of 34.248 million RLUSD at 21:24 UTC. Together, these transactions totaled $119.25 million removed from circulation. The burn reduced RLUSD supply held on the XRP Ledger. Current data shows only $253 million remains on XRPL after the reduction. Some noticed the $RLUSD burn activity on XRP today. I posted about the end of month burn pattern on XRP by the RLUSD issuer account. Followed by mint liquidity on XRP the 1st of the following month RLUSD is growing on XRP, being the prime institutional and retail on/off ramp. pic.twitter.com/grTFw91EK0 — Vet (@Vet_X0) April 30, 2026 Meanwhile, most RLUSD supply sits on Ethereum. About $1.191 billion, or 82.5%, remains outside the XRP Ledger. A tracker created by validator Vet recorded both transactions. Vet stated, “This marks one of the largest intraday RLUSD burns recorded.” The tracker confirms the event ranks as the second-largest burn in a single day. Only the March 31 burn exceeded this volume. Historical data shows Ripple follows large burns with early-month minting. This pattern has repeated across several recent months. On Dec. 31, 2025, Ripple burned $58 million in RLUSD. It then minted $67.6 million on Jan. 2, 2026. The company repeated this pattern in late January. It burned $93.2 million before minting $102 million in early February. In late February, Ripple removed $88.7 million in RLUSD. It then minted the same amount on March 2. March recorded the largest burn event so far. Ripple removed $179 million on March 31 across networks. Early April followed with a mint of $123.6 million. These transactions occurred within the first two days of the month. Vet referenced this trend and said, “Large burns often precede similar mint volumes shortly after.” The data supports this recurring sequence. The recent burn lowered RLUSD circulating supply on the XRP Ledger. The total supply now reflects a sharp shift toward Ethereum holdings. XRPL currently hosts only 17.5% of RLUSD supply. This marks a drop after repeated burn transactions. Ethereum continues to hold the majority share. Its 82.5% portion reflects ongoing distribution changes. Despite supply changes, RLUSD remains among the top stablecoins. It currently ranks eighth by market capitalization. Data shows RLUSD needs about $1 billion growth to reach seventh place. Current figures place it behind competitors in that ranking. Burn and mint cycles continue to shape RLUSD supply levels. The next mint activity may occur in early May based on prior timing. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.