Burn, Mint, Repeat: Ripple Prints Another 9.9M RLUSD Because apparently 'Supply and Demand' is Still a Novel Concept

Ripple has minted 9.9 million $RLUSD tokens on Ethereum, because when you burn a bunch of tokens, obviously the solution is to print more. Revolutionary economic theory, really.

$RLUSD, Ripple's dollar-backed stablecoin, operates across both Ethereum and the $XRP Ledger. For those keeping score at home, that's two blockchains, one stablecoin, and zero surprises when your whole brand is "we do payments, but on blockchain."

The minting followed a period of significant burns, where several million tokens were retired from circulation. Shocking, we know. It's almost like someone at Ripple took an economics 101 course and decided to actually use it. Bold move in this industry.

Ripple uses this demand-driven approach to issue new tokens through its Treasury smart contract. Yes, a smart contract. Because nothing says "trust the math" like a piece of code that prints money on demand. Very normal, definitely not suspicious.

All $RLUSD tokens are backed 1:1 by U.S. dollar reserves and equivalents held in regulated accounts. Which, to be fair, is technically what Tether said too. But let's not get ahead of ourselves with cynicism.

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