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Massive burning transaction on Ethereum sends shockwaves through the market: will this reflect on XRP? Continue reading at DailyCoin.
Ripple Treasury just took out 30 million RLUSD stablecoins from circulation, carrying out the burning transaction on Ethereum (ETH). In a coordinated campaign to boost Ripple’s stablecoin adoption, RLUSD gets burned every other week – depending on factors such as enterprise demand, redeeming stablecoins for fiat currencies or internal treasury adjustments. Ripple’s Stablecoin Finds a Comfy Spot Inside TOP 50 XRP Ledger’s native stablecoin received a wider public recognition this year, after Ripple’s XRP was featured on CNBC’s financial review as one of the ‘hottest cryptos of 2026’, with RLUSD as the sidekick. With a $164,940,796 trading volume on Friday, Ripple’s stablecoin is comfortably sitting inside the TOP 50 by crypto’s global market cap, presently at $1,775,931,358. https://twitter.com/rl_tracker/status/2059953052753207595 For XRP, the price implications are different: Ripple’s original coin is capped in a tight range, currently trading at the lower boundaries of it. The efficiency of Ripple’s enterprise integrations in terms of RLUSD means completely something else: the company has to burn a specific amount of RLUSD in order to match the 1:1 ratio with the United States Dollar or cash equivalent. XRP Hasn’t Grasped This RLUSD-Tied Opportunity Yet Right now, XRP’s price is yet to witness any appreciation from this supply scarcity. However, adoption is the keyword – RLUSD is designed to work alongside XRP in various payment corridors. To illustrate, RLUSD can act as a stable on-ramp or off-ramp service, while XRP serves as the quick bridge asset, dual in nature: serving both liquidity & the settlement layer. https://twitter.com/XRPWatcherJanus/status/2060278769277886520 Besides, everytime RLUSD moves specifically on XRP Ledger, a small amount of XRP is burned upon transaction. This duality in terms of supply control is expected to bear fruit over time, but not might have immediate effect upon carrying out the burning transactions, unless in the billions – this would have to differ from the current routine burns imposed by Ripple’s devs. Dig into DailyCoin’s popular crypto scoops today:SUI Network Outage Raises Reliability Concerns After CME Futures LaunchRipple’s David Schwartz: Don’t Sleep On This Abandoned Bitcoin Case People Also Ask: What happened with RLUSD? Ripple burned 30 million RLUSD from its treasury to keep the stablecoin fully backed after redemptions. Why did Ripple burn the RLUSD? Burns is a common practice for stablecoins. When tokens are redeemed for real USD, Ripple destroys them to maintain a perfect 1:1 backing. Will this burn directly pump XRP price? Not immediately. It’s more of a long-term positive than a short-term catalyst. How can this help XRP? More RLUSD usage increases activity on the XRP Ledger, which burns tiny amounts of XRP per transaction and can drive more demand for XRP as a bridge asset. Is this bullish for XRP? Yes, mildly. It shows real institutional usage of Ripple’s ecosystem, which is net positive for XRP over time.
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