Ripple Reduces RLUSD Supply by Burning Millions of Tokens

Ripple has executed another significant reduction in its Ethereum-based stablecoin, RLUSD. They have burned a staggering 4 million tokens within just 24 hours, permanently removing them from circulation, as per data tracked on the X platform (formerly Twitter). This move coincides with a pause on new RLUSD token creation since April 25th when Ripple minted 23 million tokens. This marks weeks without any new supply additions, a significant departure from the company’s previous pattern of steady growth in circulating supply.