FeesSafety
Pluang+

$1.36M Ripple RLUSD stablecoin supply moved from XRP Ledger to Ethereum via burn and mint.

Protocol Fundamentals
07 Sep 2026
Blockonomi
View Source
Neutral
$1.36M Ripple RLUSD stablecoin supply moved from XRP Ledger to Ethereum via burn and mint.

On September 6, Ripple shifted 1,363,614.85 RLUSD (about $1.36 million) from the XRP Ledger to Ethereum by burning the tokens on XRPL and minting the same amount on Ethereum seconds later. This cross-chain supply transfer rebalanced liquidity without increasing the total RLUSD supply. The Ethereum-minted tokens were then moved to an external wallet, showing Ripple's method to manage stablecoin liquidity across blockchains to meet market demand without creating new tokens.

More News (XRP)

Banks could boost profits by $100M using digital asset custody beyond crypto trading, says Ripple study.

Banks could boost profits by $100M using digital asset custody beyond crypto trading, says Ripple study.

A Ripple-commissioned study by Boston Consulting Group finds that regional banks with $200-$300 billion balance sheets could improve financial results by up to $100 million through enhanced digital asset custody services. Custody is evolving from sim...

Protocol Fundamentals
Bullish
7 hours ago
Bitcoin edges up 0.09% to $80,922 as total crypto market cap dips 2.63% to $2.73T

Bitcoin edges up 0.09% to $80,922 as total crypto market cap dips 2.63% to $2.73T

Bitcoin rose slightly by 0.09% to $80,922 while the total cryptocurrency market capitalization fell 2.63% to $2.73 trillion over 24 hours. Ether dropped 0.55% to $2,367, but XRP, BNB, and Solana saw modest gains. Trading volume was $56.50 billion, wi...

Market News
Neutral
7 hours ago
XRP ETFs see $1.81B inflows but holdings drop to $1.48B due to falling XRP prices

XRP ETFs see $1.81B inflows but holdings drop to $1.48B due to falling XRP prices

Since their launch in November 2025, U.S. spot XRP ETFs have attracted about $1.81 billion in net inflows, yet the current market value of their holdings has declined to $1.48 billion due to XRP's price drop. This $330 million gap highlights how fall...

Market News
Bearish
8 hours ago
XRP falls nearly 30% in 2026 despite Ripple's growing Wall Street partnerships

XRP falls nearly 30% in 2026 despite Ripple's growing Wall Street partnerships

XRP has dropped about 29% in 2026 even as Ripple expands its presence with major Wall Street institutions like BlackRock and JPMorgan in tokenization projects. Ripple Prime is part of a DTCC initiative to digitize securities, but XRP is not yet confi...

Market News
Bearish
8 hours ago
Ripple set to release 1 billion XRP from escrow on Nov 1 amid price struggles near $1.30

Ripple set to release 1 billion XRP from escrow on Nov 1 amid price struggles near $1.30

Ripple plans to release one billion XRP tokens from escrow on November 1, potentially increasing available supply by $1.3 billion at current prices. However, Ripple typically returns a large portion of unlocked XRP back to escrow, limiting immediate ...

Market News
Neutral
8 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App