Ripple rebalances RLUSD liquidity as XRPL stablecoin supply drops
CIE News ·
Based on reporting by CoinGape; not yet independently confirmed.
The XRP Ledger stablecoin supply fell 13.19% to $999.9 million by October 23, 2026, while Ripple shifted RLUSD liquidity by burning $50.6 million on XRPL and minting $38.6 million on Ethereum.
Total stablecoin supply on the XRP Ledger dropped 13.19% to $999.9 million in the week prior to October 23, 2026, with RLUSD supply on the network decreasing 14.39% to $907 million. Ripple rebalanced its treasury by burning $50.6 million in RLUSD on the XRP Ledger and minting $38.6 million in RLUSD on Ethereum, producing a net circulating burn of $12 million. The rebalance shifts liquidity to Ethereum collateral markets, leaving total cross-chain RLUSD market capitalization between $2.35 billion and $2.4 billion.
Key facts
- $50.6M RLUSD burned on XRPL
- $38.6M RLUSD minted on Ethereum
- Net burn of $12M
- XRPL RLUSD supply at $907M