Largest RLUSD Redemption Recorded on XRPL: $12 Million Burns Reach New High

An unprecedented $12 million in RLUSD was redeemed from the XRPL, marking the largest redemption since the stablecoin’s launch last December 2024. Vet (@Vet_X0), a well-known figure in the crypto space and a validator on the XRP Ledger, revealed this significant burn via his verified Twitter account. This event signifies increased liquidity activity on the network. The redemption process facilitates liquidity movement between the XRPL and other blockchains through Ripple’s cross-chain technology.