Ripple Makes Strategic Move: Burns and Mints RLUSD Tokens to Achieve Top 5 Stablecoin Status

In a strategic move, Ripple has implemented a unique approach with its RLUSD stablecoin. On April 23rd, the company adjusted the supply of RLUSD tokens by burning 12 million tokens and subsequently mints them back again. This dynamic strategy aims to place RLUSD among the top 5 stablecoins by December 2025. Ripple’s aim is to challenge established market leaders like Tether and USD Coin and disrupt the existing landscape.