Crypto Scenario Insights
What happened
Ripple's RLUSD stablecoin saw $449 million minted and $448.9 million burned on the XRP Ledger (XRPL) within 30 days, resulting in a 99% burn rate.
What we think
The 99% burn rate of Ripple's RLUSD on the XRP Ledger is likely a confirmation of its intended use as a high-velocity settlement asset, not a sign of demand weakness.
Read the analysis
Ripple's RLUSD Stablecoin Dynamics: Transit Corridor vs. DeFi Accumulation?
We explain what happened and what could follow. We do not forecast prices.