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Ripple burns 180M RLUSD tokens, cutting market cap by $340M in hours

Protocol Fundamentals
31 Mar 2026
UToday
View Source
Bearish
pluang ai news

Ripple's RLUSD stablecoin saw its largest single-day token burn, with over 180 million RLUSD tokens destroyed within hours, reducing its circulating supply from about 1.56 billion to 1.28 billion. This burn, triggered by Gemini exchange redeeming liquidity, caused RLUSD's market cap to drop by $340 million since late February. Despite the reduction, token burns are a normal operational process and not necessarily negative. However, RLUSD has slipped in stablecoin rankings, now trailing Binance's BFUSD and far behind PayPal's PYUSD and Tether's USDT, which remains dominant with a $184 billion market cap.

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