The Great Token Purge: 2.5M RLUSD Incinerated in Ethereum’s Inferno!

by

In the last 24 hours, 2,500,000 RLUSD were consigned to the digital pyres of the RLUSD Treasury, as per Ripple’s stablecoin tracker. A noble gesture, no doubt, to reduce the supply of this “stable” coin on Ethereum-a blockchain where stability is as fleeting as a politician’s promise.

This ritual of destruction began earlier this week, when 25,014,695 RLUSD were ceremoniously burned. Of these, 15,014,695 met their fate on Ethereum, while 10,000,000 were sacrificed on the XRP Ledger. One might call it a balancing act, if not for the fact that just days prior, 28 million RLUSD were minted in a frenzy of creation. Such is the yin and yang of crypto.

🔥🔥🔥🔥🔥🔥 2,500,000 #RLUSD burned at RLUSD Treasury.

– Ripple Stablecoin Tracker (@RL_Tracker) February 7, 2026

The recent burns follow a spree of minting events at February’s start. A total of 28,200,000 RLUSD, 15,000,000 RLUSD and 59,000,000 RLUSD were minted at the RLUSD treasury in three separate transactions for both XRP Ledger and Ethereum blockchains on Feb. 2. A total of 35,000,000 RLUSD was minted at the RLUSD treasury on Feb. 3, while 10,000,000 RLUSD and 15,000,000 RLUSD were minted on XRP Ledger and Ethereum blockchains, respectively, on Feb. 5. One wonders if the blockchain gods demand a sacrifice in return for these gifts.

HOT Stories

Ripple Invited to White House, Peter Brandt Calls Out Bitcoin Manipulation, Musk Endorses Dogecoin, Vitalik Buterin Dumps Ethereum – Top Weekly Crypto News (Yes, it’s all true. The moon is made of cheese, too.)

Crypto Market Review: $500,000,000 in XRP Buying Volume, Shiba Inu (SHIB) Surprisingly Bullish, Will Bitcoin (BTC) Be Saved Before $50,000? (Spoiler: Probably not.)

Ripple’s RLUSD total market cap is now at $1.49 billion on XRPL and Ethereum, according to CoinMarketCap data. A comforting figure, like the weight of a guillotine blade before it drops.

Stablecoin insights teased at XRP community event

On Feb. 11 and 12, XRP holders, builders, institutions and Ripple leaders will come together for XRP Community Day 2026, a global virtual event that will celebrate XRP’s increasing utility, adoption and real-world impact as well as the broader XRPL ecosystem. One imagines they’ll also discuss how to better monetize your data while you sleep.

Three live X Spaces are set to be hosted by Ripple, covering EMEA, Americas and APAC regions. Feb. 11 is specifically for EMEA and Americas, while Feb. 12 will cover the APAC region. A logistical marvel, or perhaps a masterclass in corporate theater.

In a recent tweet, Ripple highlights a key segment of the upcoming event, “Why Stablecoins and XRP Matter Together,” featuring Jack McDonald, SVP, Stablecoins of Ripple, Lauren Berta, the head of Product, Stablecoins at Ripple, with the moderator being Matt Kreiser, the lead analyst for State of XRPL Report at Messari. Presumably, they’ll explain why your savings are safer in a blockchain than a bank vault.

This is expected to present a clearer picture of how XRP and stablecoins complement each other. Or, as we like to call it, the art of turning smoke into money.

Read More

2026-02-07 20:53