Ripple USD Supply Decreased by $115.4 Million on Ethereum Network

According to Ripple Stablecoin Tracker data, the supply of Ripple USD on the Ethereum network has decreased to $692 million. At the beginning of July, this figure was over $727 million. In the past week, $115.4 million worth of RLUSD was burned on the Ethereum blockchain, while $49.3 million worth of new issuance occurred. On July 29, $25.9 million worth of RLUSD was burned, and on the same day, $6.2 million worth of new RLUSD was issued. In the last 30 days, a total of $369.4 million worth of burns and $167.6 million worth of issuances were recorded on the Ethereum network. The total circulating supply of RLUSD stands at $1.556 billion. Meanwhile, on the XRP Ledger, $324.1 million worth of issuances and $217.6 million worth of burns occurred in the last 30 days. Ripple has received a Crypto Asset Service Provider license from the Luxembourg financial regulator CSSF. This approval indicates that Ripple is compliant with MiCA regulations and allows its XRP and RLUSD-backed solutions to be offered in 30 countries within the European Economic Area.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.