Ripple, the blockchain company behind the XRP token, has burned several batches of its Ripple USD (RLUSD) stablecoin after a significant minting week. The Ripple Stablecoin Tracker account on the X platform reported that Ripple conducted four consecutive burns, totaling 470 million RLUSD, through the RLUSD Treasury.
This included two batches of 115 stablecoins and two batches of 120 stablecoins. This burn came after Ripple issued nearly 50 million RLUSD over the past week.
The post "Ripple Burns Millions of RLUSD Stablecoins Amid Cautionary Alerts to Users" first appeared on 36crypto.com News.