Oh, how the mighty burn! Ripple Labs has just performed a veritable deluge of digital confetti, incinerating 10,000,000 RLUSD coins in a single, dramatic flourish. One might say it’s the blockchain equivalent of a well-timed exit from a particularly lively party.
And here we were, all primed for another day of speculative frenzy, when suddenly-poof-a million RLUSD vanishes into the ether. How very quaint, if slightly alarming, for a stablecoin to behave like a mischievous toddler with a matchstick.
Ripple Makes Biggest RLUSD Burn After Minting 69 Million RLUSD
One might wonder why Ripple feels the need to mint 69 million RLUSD only to promptly burn 10 million of them. A classic case of “spend now, regret later,” perhaps? Or maybe they’re just practicing their fiscal housekeeping with the flair of a seasoned valet.
Ripple to Bag Crucial Australian License
Crypto Market Review: Shiba Inu (SHIB) Resurrects With 8% Spike, Major XRP Trend Test Inbound, Bitcoin (BTC) Crosses $70,000 for Good
But let us not forget the prior day’s antics, when Ripple burned nearly a million RLUSD with the solemnity of a priest tossing bread into a crowd. A habit, it seems, as routine as a morning cup of tea-or a midweek burn, depending on your perspective.
Before this grand spectacle, Ripple had the audacity to mint 6 million RLUSD, then another million, as if the market hadn’t already been sufficiently confused. A masterclass in liquidity management, truly.
🔥🔥🔥🔥🔥🔥🔥 10,000,000 #RLUSD burned at RLUSD Treasury.
– Ripple Stablecoin Tracker (@RL_Tracker) March 10, 2026
Yet, the crown jewel remains the 69 million RLUSD minted in March-a number so large it could make a grown man weep. Or perhaps just a very optimistic accountant.
Unlike Tether, which leaves its USDT floating around like a lost soul, Ripple prefers to keep things balanced, as if conducting a financial orchestra with a baton made of pure sarcasm. A liquidity-on-demand model, indeed-demanding, perhaps, but undeniably theatrical.
Ripple Bags New Key License in Australia: Monica Long
Meanwhile, Ripple has secured yet another license, this time in Australia, where they’ll presumably offer faster transactions than your average bank. A feat as impressive as a magician revealing their trick-yet somehow, we’re all still mesmerized.
Licensing wins keep stacking! 🇦🇺
75+ licenses worldwide and counting. Compliance is how we scale.
– Monica Long (@MonicaLongSF) March 11, 2026
Monica Long, ever the optimist, assures us that compliance is the key to scaling. One can only imagine the chaos if they ever decided to stop complying. But for now, we’ll clink our glasses (of digital currency, naturally) to Ripple’s latest escapade-because nothing says “sophistication” like burning millions of coins with a wink and a nod.
Read More
- Enshrouded: Giant Critter Scales Location
- Top 10 Must-Watch Isekai Anime on Crunchyroll Revealed!
- All Carcadia Burn ECHO Log Locations in Borderlands 4
- All Shrine Climb Locations in Ghost of Yotei
- Poppy Playtime 5: Battery Locations & Locker Code for Huggy Escape Room
- Scopper’s Observation Haki Outshines Shanks’ Future Sight!
- Best ARs in BF6
- Keeping Agents in Check: A New Framework for Safe Multi-Agent Systems
- Best Anime Cyborgs
- All 6 Psalm Cylinder Locations in Silksong
2026-03-11 12:54