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Ripple mints 15M RLUSD on Ethereum, then burns 10M on July 30

AI Market Summary
Ripple minted 15M RLUSD on Ethereum and burned 10M shortly after, indicating routine cross-chain supply and treasury management rather than a directional shift in risk appetite. RLUSD circulation on Ethereum has surpassed $712M, while XRP Ledger remains larger at roughly $873M. The activity may affect short-term stablecoin liquidity and transfer flows on Ethereum, but it does not alter XRP supply mechanics.
Impact level
● Low
Affected assets
ETH/USDT-2.27%
AI Insight · ETH/USDTAI Insight
● Neutral
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Ripple minted 15 million RLUSD on Ethereum on July 30 and burned 10 million of the tokens at the RLUSD Treasury hours later. The transactions were reported by the Ripple Stablecoin Tracker. Circulating RLUSD on Ethereum has risen above $712 million, while the XRP Ledger remains larger at about $873 million in circulation.
XRP
XRP-1.79%
ETH
ETH-2.27%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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