Over 30 days, Ripple minted $449.3 million of its RLUSD stablecoin on the XRP Ledger, but $448.9 million was burned, resulting in a 99% burn rate. This dynamic reduced net supply growth on the XRP Ledger to near zero. By contrast, on Ethereum, $403 million was issued and $177.3 million burned, generating $225 million in positive net flows. Total RLUSD supply now stands at $1.757 billion, nearly evenly split between XRP Ledger ($883 million, 50.2%) and Ethereum ($874 million, 49.8%). This reveals a dual-chain operational model where major players use the XRP Ledger for instant real-time conversions while Ethereum is preferred for long-term holding within the DeFi market.
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