Ripple's highly regulated RLUSD stablecoin has experienced a significant market cap reduction.
Ripple burned 128M RLUSD on March 31 in five quarter-end transactions, reflecting stablecoin redemptions and routine supply management, not distress.
SBI VC Trade is set to unleash RLUSD in Japan following its Ripple MOU.
A series of large transactions in Ripple's treasury was recorded at the end of March and, accordingly, Q1 of 2026. Within a few hours, a total of about 128 million RLUSD tokens were removed from circulation, equivalent to the same amount in U.S. dollars.