Ripple Treasury minted 38.6 million RLUSD on Ethereum in two transactions, while three burns removed 50.6 million RLUSD from the XRP Ledger, according to on-chain data cited in the report. Together, the transactions reduced circulating supply by 12 million RLUSD. The report suggests the activity may reflect a shift in liquidity between chains, but does not establish why the transactions occurred.
Standard Chartered launched RLUSD custody through its Dubai International Financial Centre branch on October 12, 2026. A separate plan to mirror RLUSD held there as collateral in LMAX trading systems remains subject to final documentation, testing and regulatory approval.
