Ripple's RLUSD Treasury Pulls a Classic: Burns 30M Tokens, Then Sneaks 19M More Into Circulation

Ripple's RLUSD stablecoin has been busy doing that thing stablecoins do—getting minted and burned in quantities that would make most DeFi degens feel inadequate about their own portfolio.

Over 29.9 million RLUSD tokens went up in smoke recently in two separate burn transactions on Ethereum. The RLUSD Treasury obliterated 20 million tokens in one tx, then casually tossed another 9.9 million onto the bonfire like it was nothing. 🔥 Because when your treasury management game is this spicy, you don't stop at one fire.

But here's the thing about crypto treasury management: it's less about destruction and more about controlled chaos—like a pyromaniac with a very specific spreadsheet. Ripple also minted 18.9 million fresh RLUSD across two transactions: 9 million and 9.9 million tokens respectively. So they burned nearly 30 million and printed 19 million, all in the same news cycle. The supply is basically doing jazz at this point.

This recent bonfire follows a pattern of RLUSD activity that would make even the most seasoned traders do a double-take. April 12 saw 9.99 million tokens minted on Ethereum. April 10 was particularly spicy, with 23 million RLUSD added to the