Ripple minted 15 million $RLUSD on Ethereum and then burned 10 million tokens at the RLUSD Treasury just hours later on July 30, according to data reported by the Ripple Stablecoin Tracker. T
A
AnonymousCryptoCompass newsroom
July 31, 2026
2 min read
NEWS
CryptoCompass editorial visual for policy coverage.
Ripple minted 15 million $RLUSD on Ethereum and then burned 10 million tokens at the RLUSD Treasury just hours later on July 30, according to data reported by the Ripple Stablecoin Tracker. The back-to-back transactions are consistent with Ripple's ongoing practice of actively managing its stablecoin's circulating supply.
A Pattern of Active Supply Management
The July 30 activity fits into a broader trend of frequent treasury operations. Fiat-backed stablecoins such as RLUSD regularly undergo minting and burning operations to align circulating supply with customer demand. New tokens are minted when institutional customers deposit dollars, while tokens are burned when users redeem them for U.S. dollars. Treasury burns do not necessarily indicate weakening adoption.
Ripple has carried out repeated 10 million RLUSD burns in recent weeks, with circulating supply falling roughly 20% from its May peak, pushing market capitalization from about $1.9 billion down to approximately $1.52 billion.
XRP Ledger Holds the Lead
As of the July 30 transactions, Ethereum's circulating RLUSD supply has climbed above $712 million, while the XRP Ledger continues to lead with approximately $873 million in circulation. The XRP Ledger's dominance in RLUSD holdings reflects a notable shift in distribution over the course of 2026. RLUSD circulation on the XRP Ledger surged 40-fold over six months, pushing its share of total RLUSD supply from approximately 17% to 52% by early July 2026.
RLUSD supply on the XRP Ledger passed Ethereum for the first time on June 26.Widening the window to two months, the XRP Ledger's RLUSD balance has more than doubled, up about 128% from 378.8 million in mid-May.
Ripple has also launched Ripple Mint to help institutions mint, redeem, bridge, and manage RLUSD, and added the stablecoin to Notabene Flow, the company's compliance-focused stablecoin payments platform. Notabene's network spans more than 2,300 connected institutions across 100-plus jurisdictions and 280-plus customers.
Aave now accounts for 47.8% of all active onchain loans, according to Token Terminal, giving the protocol close to half of all outstanding lending activity tracked across DeFi. The figure was
Bitcoin traders are being urged to lean into the current meme-season momentum while staying alert to a possible BTC correction in August, a month that historical seasonality data has repeated
You can also read this news on BH NEWS: XRP-Centric Fund Sets Sights on Nasdaq Listing with Bold Moves Evernorth Holdings is poised to make a significant impact in the crypto sector as it gea