Ripple recently burned approximately 1 million RLUSD stablecoins from the Ethereum network through a redemption mechanism to maintain its 1:1 peg with the US dollar. This move is a routine operation in stablecoin management, designed to ensure that the number of tokens in circulation always matches the underlying dollar reserves.
With this adjustment, the total supply of RLUSD has reached approximately $1.58 billion, just about $50 million away from the key $2 billion threshold, indicating sustained market demand for it.
RLUSD's issuance mechanism relies on a dynamic minting and burning process: when users redeem RLUSD for fiat currency, the corresponding number of tokens is permanently burned; conversely, when market demand rises, Ripple issues new tokens. In the past two weeks, Ripple has minted 20 million RLUSD on the Ethereum chain to cope with the increasing usage on exchanges and payment networks.
At the same time, Ripple's financial infrastructure is attracting more traditional financial institutions to participate. At the end of February 2026, Deutsche Bank officially adopted Ripple technology for cross-border payment settlement, marking the recognition of blockchain payment solutions by mainstream banks. In addition, Société Générale has also connected its Euro stablecoin to the XRP Ledger ecosystem, further opening up the connection channel between the traditional financial system and the blockchain network. These developments are jointly promoting the steady increase of RLUSD's penetration rate in the digital asset ecosystem.