Every Transaction Burns XRP: RLUSD Just Hit $3 Billion in Monthly Volume
Main Idea
Ripple's stablecoin RLUSD has reached $3 billion in monthly transaction volume, with every transaction burning a small amount of XRP, potentially increasing XRP's scarcity and value over time.
Key Points
1. RLUSD, Ripple's U.S. dollar-backed stablecoin, achieved $3 billion in monthly transaction volume shortly after its launch in late 2024.
2. Every transaction on the XRP Ledger, including RLUSD transactions, burns a small fee in XRP (typically 0.00001 XRP), reducing XRP's total supply.
3. The deflationary mechanism scales with transaction volume, making the burn more significant as RLUSD adoption grows.
4. Ripple has minted and burned millions of RLUSD tokens in response to market demand, including 12 million in April and 20 million in June 2025.
5. The growth of RLUSD could enhance XRP's scarcity and long-term value as transaction volume increases.
Description
Ripple’s stablecoin, RLUSD , has reached a significant milestone, $3 billion in monthly transaction volume, just months after its launch. This explosive growth was spotlighted by crypto analyst X Finance Bull, who emphasized a key detail that has caught the XRP community’s attention: every RLUSD transaction burns XRP. Launched in late 2024 with regulatory approval from the New York Department of Financial Services, RLUSD is Ripple’s U.S. dollar-backed stablecoin built on the XRP Ledger. Since it...
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