Gemini Just Burned $128,000,000 RLUSD on XRPL, as Supply Drops to $189M

thecryptobasic2026-04-01 06:49:58

Favorite

Gemini Just Burned $128,000,000 RLUSD on XRPL, as Supply Drops to $189M

Gemini has carried out a large redemption of Ripple's RLUSD stablecoin, burning $128 million worth of RLUSD on the XRP Ledger. The update came from Vet, an XRPL validator, who explained that Gemini redeemed the funds by burning RLUSD tokens to take back the liquidity it originally used to mint them with Ripple.

Visit Website

Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact

About MyToken:https://www.mytokencap.com/aboutusArticle Link:https://www.mytokencap.com/news/570925.html

More exciting content is available on
X(https://x.com/MyTokencap)or join the community to learn more:MyToken-English Telegram Group
（https://t.me/mytokenGroup）

Previous:FTX深度解读：技术革新与市场机遇

Next:Stripe向上，PayPal向下：支付新王登基

XRP Proves More Adaptable as Bitcoin Faces “Social Test” Over Quantum Upgrade, Says XRPL Validator

XRP Ledger validator Vet has raised fresh questions about whether Bitcoin can successfully navigate ...

thecryptobasic2026-04-01 08:12:48

Cardano MACD and Huge Base Setting Up ADA for Another Explosive Move

Cardano is gearing up for another impulsive move to unprecedented prices, with support from a large ...

thecryptobasic2026-04-01 07:29:00

Cardano Founder Accuses Coinbase of Blocking Crypto Clarity Act Passage

Cardano founder Charles Hoskinson has publicly criticized Coinbase for allegedly obstructing progres...

thecryptobasic2026-04-01 06:48:06