RLUSD Burn Alert: 2.5 Million Tokens Gone on Ethereum

In the last 24 hours, 2,500,000 $RLUSD have been burned at the $RLUSD treasury, according to Ripple stablecoin tracker, reducing the Ripple USD stablecoin supply on the Ethereum blockchain.

This trend was noticed earlier this week with a total of 25,014,695 $RLUSD burned at the $RLUSD treasury on Feb. 5. These include 15,014,695 $RLUSD burned on the Ethereum blockchain, while 10,000,000 $RLUSD were burned at the $RLUSD treasury on $XRP Ledger.

The recent burns follow a spree of minting events at February's start. A total of 28,200,000 $RLUSD, 15,000,000 $RLUSD and 59,000,000 $RLUSD were minted at the $RLUSD treasury in three separate transactions for both $XRP Ledger and Ethereum blockchains on Feb. 2. A total of 35,000,000 $RLUSD was minted at the $RLUSD treasury on Feb. 3, while 10,000,000 $RLUSD and 15,000,000 $RLUSD were minted on $XRP Ledger and Ethereum blockchains, respectively, on Feb. 5.

Ripple’s $RLUSD total market cap is now at $1.49 billion on XRPL and Ethereum, according to CoinMarketCap data.

Stablecoin insights teased at $XRP community event

On Feb. 11 and 12, $XRP holders, builders, institutions and Ripple leaders will come together for $XRP Community Day 2026, a global virtual event that will celebrate $XRP's increasing utility, adoption and real-world impact as well as the broader XRPL ecosystem.

Three live X Spaces are set to be hosted by Ripple, covering EMEA, Americas and APAC regions. Feb. 11 is specifically for EMEA and Americas, while Feb. 12 will cover the APAC region.

In a recent tweet, Ripple highlights a key segment of the upcoming event, "Why Stablecoins and $XRP Matter Together," featuring Jack McDonald, SVP, Stablecoins of Ripple, Lauren Berta, the head of Product, Stablecoins at Ripple, with the moderator being Matt Kreiser, the lead analyst for State of XRPL Report at Messari.

This is expected to present a clearer picture of how $XRP and stablecoins complement each other.