Ripple burns 15M RLUSD worth $15M, stablecoin market cap rises to $2.42B
- —15 million RLUSD worth $15 million burned via Ethereum's null address
- —Earlier in September, Ripple issued 18 million, 20 million, and 16 million RLUSD
- —On September 8, 10 million RLUSD was burned, followed by an issuance of 14.39 million
- —RLUSD market cap rose from $1.74 billion to $2.42 billion
Why it matters: RLUSD's growth strengthens liquidity and institutional activity on the XRP Ledger, which could support XRP.
Source: ZyCrypto