Ripple moved 1,363,614.85 RLUSD, worth approximately $1.36 million, from the XRP Ledger to Ethereum on September 6 through coordinated burn and mint transactions, according to onchain data.
The tokens were sent to an irretrievable wallet on the XRP Ledger, permanently removing them from circulation there. Seconds later, an identical amount of RLUSD was minted on Ethereum and transferred to an external wallet, indicating an issuer-side rebalancing rather than a change in total circulating supply.
The move suggests Ripple is expanding RLUSD liquidity on Ethereum, where stablecoin infrastructure supports exchanges, decentralized finance platforms, lending, collateral, settlement and payment operations. While the external wallet's identity and purpose remain undisclosed, the matching amounts show Ripple is repositioning existing supply across supported chains rather than creating new RLUSD.
