- RLUSD burns reached $55.9 million while minting slowed significantly recently.
- Mastercard and Wormhole integrations expanded RLUSD utility across networks.
- Ripple advanced Türkiye growth and university research through RLUSD.
Ripple’s RLUSD stablecoin recorded $55.9 million in burn activity during the last seven days, while only $8.8 million was minted over the same period. The latest data from the Ripple stablecoin tracker highlights a slowdown in issuance activity despite several major expansion announcements this month. Data show that more RLUSD left circulation than entered it during the past week. Consequently, the stablecoin’s circulating supply experienced a net reduction as burn activity continued to exceed new issuance.
On June 1, Ripple minted $127.4 million worth of RLUSD and burned $12 million. However, activity gradually declined as the month progressed. As a result, recent minting volumes have remained well below the levels recorded at the beginning of June. The slowdown also contrasts with the higher levels of activity observed throughout May. While RLUSD continues to expand its footprint, blockchain data suggests issuance and redemption activity has entered a quieter phase.
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Expansion Efforts Continue Across Payments and Blockchain Networks
Even as on-chain activity slowed, Ripple continued advancing RLUSD adoption through several strategic initiatives. At the start of June, RLUSD became available across multiple blockchain ecosystems through Wormhole’s Native Token Transfers (NTT) framework. The integration allows the stablecoin to move natively between supported networks. Moreover, it supports cross-border payments, institutional on-ramps, off-ramps, and tokenization use cases.
Ripple also secured a notable boost from payment giant Mastercard. Earlier this month, Mastercard announced support for settlement using regulated stablecoins, including RLUSD. The development strengthens RLUSD’s position within the growing digital payments sector. According to Ripple, Mastercard‘s decision reflects increasing demand for blockchain infrastructure that enables faster and more flexible settlement processes. Additionally, the partnership broadens the stablecoin’s potential utility among institutional participants.
Ripple expanded RLUSD’s international presence by making the stablecoin available to institutions in Türkiye through partnerships with BiLira, Bitexen, and Bitlo, extending its reach into one of the region’s most active digital asset markets.
RLUSD Supports Academic Blockchain Research
Ripple’s expansion efforts extended beyond commercial partnerships during June, with the company announcing Istanbul Technical University as its newest partner under the University Blockchain Research Initiative program. According to Ripple, RLUSD funding will support advanced blockchain research, graduate fellowships, and the establishment of an XRP Ledger validator on the university campus.
The announcement demonstrates how Ripple is positioning RLUSD as more than a payment and settlement asset. At the same time, the company continues building educational and research-focused use cases around the XRP Ledger ecosystem. Despite these developments, recent blockchain data indicates that RLUSD activity remains subdued compared with earlier periods, with burn volumes continuing to outpace minting activity and signaling a temporary cooling phase in supply growth even as adoption initiatives expand.
Conclusion
RLUSD recorded $55.9 million in burns during the last seven days, significantly exceeding the $8.8 million minted during the same period. While Ripple continues expanding the stablecoin through new partnerships, payment integrations, and research initiatives, June has so far delivered lower issuance activity than the stronger levels seen at the start of the month.
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