Ripple's RLUSD Volume Falls to $1.43 Billion, Questions Emerge

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Crypto advocate and $XRP enthusiast Bill Morgan highlights a drop in $RLUSD supply that had obviously gone under the radar.

Morgan mentioned in a tweet that it seems to have passed largely unnoticed that a large volume of $RLUSD has been burnt over the last two weeks.

Morgan highlighted a decrease in $RLUSD's total supply from almost 1.6 billion to 1.43 billion within the said time frame. Ripple USD ($RLUSD) stablecoin's total supply is now at 1.43 billion, according to CoinMarketCap data. Morgan highlighted the drop in supply from $1.6 billion to $1.43 billion as possibly the biggest in a year.

It seems to have passed largely unnoticed that there has been a large volume of $RLUSD that has been burnt over the last two weeks, possibly its largest decrease in total volume for a year from almost 1.6 billion to 1.43 billion.

Just healthy liquidity management or something… pic.twitter.com/JSiO8b0Gnx
— bill morgan (@Belisarius2020) March 25, 2026

"It seems to have passed largely unnoticed that there has been a large volume of $RLUSD that has been burnt over the last two weeks, possibly its largest decrease in total volume for a year from almost 1.6 billion to 1.43 billion," Morgan wrote. He further asked if this is just healthy liquidity management or something else.

March sees significant $RLUSD burning

The month of March has seen significant burning for $RLUSD stablecoin. In the last 24 hours alone, 9.6 million $RLUSD were burned in two transactions: 4,700,000 $RLUSD and 4,900,000 $RLUSD were burned at $RLUSD Treasury. This trend has been in the last few days, and generally in the month of March.

On March 24, 40,000,000 $RLUSD was burned at $RLUSD Treasury. March 23 saw four Ripple USD stablecoin burn transactions: 5,758,000 $RLUSD; 9,500,000 $RLUSD; 10,000,000 $RLUSD and 20,000,000 $RLUSD burned at the $RLUSD Treasury.

On March 20, 9,000,000 $RLUSD were burned at $RLUSD Treasury. For March 17, 6,000,000 $RLUSD; 10,000,000 $RLUSD; 7,955,000 $RLUSD burned at $RLUSD Treasury and 10,400,000 $RLUSD burned at $RLUSD Treasury.

$RLUSD news

Ripple is piloting the use of its $RLUSD stablecoin in Singapore's MAS BLOOM sandbox to automate and speed up cross-border trade payments.

In collaboration with supply chain finance firm Unloq, Ripple aims to replace manual trade finance processes with smart, condition-based settlement on $XRP Ledger.

In recent listing news, Ripple USD stablecoin ($RLUSD) has been listed on Korean crypto exchange Coinone.