Before the latest 25 million token burn, Ripple had already destroyed several million RLUSD in separate transactions. These burns were carried out on both the Ethereum blockchain and the XRP Ledger, which are the two blockchains that RLUSD runs on.
Looking further back, the sequence becomes even more notable. Prior to those two burns, the tracker had already flagged a 15 million RLUSD burn, followed by another 15 million RLUSD removal on the Ethereum blockchain. Before that, a separate transaction that eliminated 10 million RLUSD from circulation on the XRP Ledger.
Why These Burns Keep HappeningThe volume of burns in recent days is not a red flag but a feature. RLUSD operates under a reserve-backed model in which every token in circulation corresponds to a dollar held in reserve. Ripple burns the tokens to guarantee the circulating supply never exceeds what is backed when holders redeem their RLUSD.
