In response to current information from Ripple Stablecoin Tracker, Ripple USD (RLUSD) provide on the Ethereum community has shrunk to about $692 million as Ripple continues to regulate the stablecoin’s circulating provide by way of token burns.
Firstly of July, RLUSD provide on Ethereum was above $727 million; now this determine has decreased, with tens of millions in Ripple USD burned on the Ethereum community within the final seven days.
$115.4 million was burned on the Ethereum blockchain within the final seven days as seen on the Ripple Stablecoin Tracker web site, whereas $49.3 million was minted in the identical timeframe. On July 29 alone, $25.9 million was burned on the Ethereum blockchain whereas $6.2 million in RLUSD was minted.
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The final 30 days noticed important RLUSD redemptions on the Ethereum blockchain; a complete of $369.4 million was burned whereas $167.6 million was minted.
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On the XRP Ledger, a complete of $324.1 million was minted within the final 30 days and $217.6 million was burned. The whole circulating provide of the RLUSD stablecoin is at present $1.556 billion.
RLUSD expands footprint on XRP Ledger
With RLUSD provide on Ethereum shrinking to $692 million, XRP Ledger stays forward, internet hosting extra RLUSD than Ethereum community. RLUSD’s footprint on XRP has elevated considerably, overtaking Ethereum provide for the primary time in June.
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RLUSD in circulation on the XRP Ledger grew from roughly $20 million on the finish of 2024 to about $800 million by late June 2026, which is a 40-fold rise, with the biggest improve occurring in Might and June 2026.
Ripple USD is at present one of many most-traded issued belongings on XRP. Its share of all on-chain buying and selling climbed from underneath 1% to about 12% in 2026, and the RLUSD/XRP pair alone has cleared roughly $900 million over the past six months.
This week, Ripple acquired authorization of its Crypto Asset Service Supplier (CASP) license from Luxembourg’s Fee de Surveillance du Secteur Financier (CSSF). The authorization confirms Ripple as absolutely MiCA-compliant, with its options underpinned by XRP and RLUSD made out there to monetary establishments, corporates and companies throughout all 30 international locations of the European Financial Space.