Ripple’s RLUSD stablecoin recorded $55.9 million in burn activity during the past seven days, while only $8.8 million was minted over the same period, according to the Ripple stablecoin tracker. The net reduction in circulating supply marks a sharp slowdown from earlier June, when $127.4 million was minted on June 1 alone, and from the higher activity levels seen throughout May.
The data shows that burn volumes continue to outpace new issuance, causing a contraction in circulating RLUSD. This cooling phase in on-chain activity contrasts with a series of major expansion announcements made by Ripple this month.
Ripple has pushed forward with multiple strategic initiatives to broaden RLUSD’s utility. Through Wormhole’s Native Token Transfers (NTT) framework, the stablecoin can now move natively across supported blockchain ecosystems, enabling cross-border payments, institutional on-ramps, and tokenization use cases.
In a significant boost, payment giant Mastercard announced support for settlement using regulated stablecoins, including RLUSD. The partnership strengthens RLUSD’s role in digital payments and expands its institutional utility.
Ripple also expanded RLUSD’s presence in Türkiye via collaborations with BiLira, Bitexen, and Bitlo, tapping into one of the region’s most active digital asset markets. Additionally, RLUSD funding will back academic research, graduate fellowships, and an XRP Ledger validator at Istanbul Technical University under the University Blockchain Research Initiative program.
Despite these adoption efforts, the latest on-chain figures indicate that RLUSD activity remains subdued, with burns consistently exceeding minting and signaling a temporary supply contraction even as the stablecoin’s footprint widens.
