Ripple's $449M stablecoin mint on XRP Ledger se...

Ripple minted $449.3 million of its RLUSD stablecoin on the XRP Ledger over 30 days, but 99% of the tokens were burned due to rapid redemptions by institutional clients, keeping net supply growth near zero. By contrast, Ethereum saw $403 million minted and only $177.3 million burned, producing net inflows of over $225 million, since XRP Ledger is mainly used for fast, real-time token conversions while Ethereum holds tokens longer for DeFi purposes. Total RLUSD circulating supply stands at about $1.757 billion, split almost evenly between the two chains, and the burn activity reflects the dual-chain usage model rather than declining demand.