Ripple has executed significant transactions involving its RLUSD stablecoin, minting $200 million on the XRP Ledger and burning $100 million on Ethereum. This activity, recorded on May 20, marks the largest RLUSD mint on the XRPL, surpassing the previous record of $92.3 million. The transactions have increased RLUSD's supply on the XRPL to $690 million, while reducing its supply on Ethereum to $1.06 billion. On the same day, Ripple's Standard Custody subsidiary minted a total of $245 million in RLUSD on the XRP Ledger, marking the largest intraday mint in the network's history. Conversely, Ethereum saw a net outflow of $90.8 million in RLUSD, following the $100 million burn. These moves have resulted in a net supply change of $190 million for RLUSD over the past week, with the total market cap now standing at $1.75 billion.
Ripple Mints $200M RLUSD on XRPL, Burns $100M on Ethereum
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