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Yuri Molchan

Ripple Labs Executes Record 10,000,000 RLUSD Burn After Earlier 69,000,000 Mint in March 2026

According to RLUSD tracking data on X, Ripple Labs burned 10,000,000 RLUSD at its treasury on March 10, 2026, in what appears to be the stablecoin's largest single burn so far. The company had previously minted 69,000,000 RLUSD at the beginning of March and carried out several smaller burns and mints across XRP Ledger and Ethereum. Ripple is also set to secure an Australian Financial Services License, enabling local institutions to access Ripple Payments, on- and off-ramps, and RLUSD for real-time settlement.
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