Ripple USD (RLUSD) has seen no stablecoins burned at the start of June, continuing a trend from the end of May. According to the RL tracker website, no RLUSD has been destroyed since June 1st, and the same was true on May 30th.
RLUSD burning has temporarily stopped after a period of high activity. May 20th saw a peak in minting, with $261 million created, and a substantial amount burned – $165.1 million – on the same day.
As of June 1st, approximately $6.2 million worth of RLUSD has been created, and this amount is expected to rise throughout the day. The balance between RLUSD created and burned has kept the market value just above $1.7 billion. The RL tracker currently shows a total supply of $1.704 billion.
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According to a recent report by Messari, $613.3 million of this supply is currently held on the XRP Ledger, an increase of over 80% from the $340.3 million reported at the end of the first quarter of 2026. A total of $1.09 billion of RLUSD is held on the Ethereum blockchain.
RLUSD burn engine goes quiet
Ripple’s USD stablecoin tracker shows the most recent coin burn happened around 3 days ago.
Over the past month, more RLUSD tokens were destroyed than created, as Ripple began decreasing the overall supply of RLUSD.
Over the past 30 days, 304.4 million RLUSD tokens were created, but 396.8 million RLUSD were destroyed, resulting in a net reduction of the total supply.
As an analyst, I’m seeing that RLUSD is now built directly into Ripple’s core financial tools. This means institutions that are fully compliant can immediately use it for things like payments, managing their funds, prime brokerage services, and securely holding their digital assets. What’s really interesting is that this approach should drive RLUSD’s growth based on actual demand from these institutions, instead of relying on exchanges or potentially unstable promotional efforts.
Most people who owned RLUSD held it on the XRPL network as of the end of the first quarter of 2026. Despite this, the majority of RLUSD transactions actually happened on the Ethereum network.
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2026-06-01 14:05