So, here we are, on the precipice of a grand deflationary milestone, with the XRP Ledger about to burn through 14 million tokens. According to the latest tally from XRPscan, the XRP Ledger explorer, we’re just a few embers away from hitting 13,985,106 XRP burned. 🎉
Now, I know what you’re thinking: “14 million XRP? That’s a drop in the bucket compared to the vast ocean of XRP out there.” And you’d be right, but it’s the thought that counts, right? It’s a testament to the XRP Ledger’s unwavering dedication to utility and network health. 🌱
But here’s the kicker: unlike those flashy token burn schemes where companies buy back their tokens or the community rallies to burn them, XRP burns are as natural as a cat’s love for a sunny windowsill. Every transaction on the XRP Ledger comes with a tiny bit of XRP that gets permanently destroyed. It’s like a tiny sacrifice to the gods of spam prevention and network efficiency. 🐱💻
And so, over time, this steady stream of XRP has been quietly burning away, inching ever closer to that 14 million mark. It’s a slow burn, but a burn nonetheless. 🔥
XRP Ledger Developments
Just when you thought the XRP Ledger couldn’t get any more exciting, the past week brought a flurry of announcements following the XRPLApex community event. 🎉 One of the biggest news? USDC is now live on the XRP Ledger. That’s right, the world’s largest regulated stablecoin is now part of the XRP family. 🤝
With native USDC on the XRPL, developers, institutions, and users can now access the world’s most trusted stablecoin for enterprise B2B payments and financial infrastructure apps. It’s like adding a new flavor to your favorite ice cream. 🍦
But wait, there’s more! Ondo Finance’s flagship short-term U.S. Treasuries fund, OUSG, is now live on the XRPL. This marks a significant milestone for tokenized real-world assets on the XRP Ledger. Minting and redemptions will be handled through Ripple‘s stablecoin, RLUSD. It’s like the XRP Ledger just got a shiny new toy to play with. 🎁
And if you’re wondering about the current state of XRP, it’s trading at $2.19 as of this writing, following a week-long sell-off. But hey, a little dip never hurt anyone. It’s all part of the ride. 🎢
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2025-06-15 17:43