Ripple Conducts Over 32 Million RLUSD Burn on Ethereum

Ripple completed two RLUSD burns on Ethereum totaling 32,075,051 tokens in the past 24 hours, the largest burn of the month. The move reduces RLUSD circulating supply — about 62 million RLUSD have been burned across four transactions so far in May — a deflationary action that market participants say could support demand and scarcity for the stablecoin. The burns took place on the Ethereum blockchain, underscoring continued RLUSD activity and enterprise adoption while Ripple moderates the frequency of burns compared with prior months. Near-term market impact is likely localized to RLUSD supply dynamics and could modestly boost demand or on-chain activity on Ethereum; broader crypto markets are unlikely to be directly affected unless the burn cadence or size accelerates further.