Ripple’s RLUSD Sees $55.9 Million Burned as June Activity Slows
Ripple’s RLUSD stablecoin recorded $55.9 million in burn activity during the last seven days, while only $8.8 million was minted over the same period. The latest data from the Ripple stablecoin tracker highlights a slowdown in issuance activity despite several major expansion announcements this month. Data show that more RLUSD left circulation than entered it during the past week. Consequently, the stablecoin’s circulating supply experienced a net reduction as burn activity continued to exceed new issuance.