Burn, Baby, Burn: Ripple Torches 9.89M $RLUSD in Dramatic Stablecoin Bonfire

Ripple just hit the red button on nearly 10 million $RLUSD, because apparently, when you run a blockchain empire, you also need a fireplace.

The blockchain giant burned 9,890,000 $RLUSD by sending the coins to an unspendable wallet on Ethereum—one of the two networks hosting the stablecoin, alongside XRP Ledger. Think of it as the crypto equivalent of throwing your computer into the ocean, except the computer is money and the ocean is a wallet that will never, ever spend again.

This wasn't a one-off pyromaniac episode. Tracker accounts flagged a pattern of heavy minting and burning activity. Just a day prior, Ripple minted a chunky 79,000,000 $RLUSD on XRP Ledger, then torched 49,084,862 of them the next day. Someone at Ripple is either running a very aggressive supply management strategy or just really enjoys bonfires.

For those keeping score at home: that's 79M minted, 49M burned, 9.89M burned—some serious supply housecleaning. It's like watching someone cook dinner, eat half of it, then set the rest on fire because it looked at them wrong.

On the listing front, $RLUSD also went live on Coinone, one of South Korea's larger exchanges, trading against the Korean Won. K-pop and stablecoins—truly, the land of the morning calm has diversified.

Meanwhile, Binance CEO Richard Teng dropped some perspective on the broader stablecoin landscape. The total circulating stablecoin supply sits at approximately $316 billion—and it's growing on its own merits, not just crypto sentiment. It's almost like people actually find these things useful or something. Revolutionary concept, I know.

Teng highlighted three main catalysts: real yield opportunities, payments infrastructure buildout, and institutional adoption post-GENIUS Act. Because apparently, regulated money that does stuff is the future. Who would've guessed.

For the uninitiated, the GENIUS Act—signed into