u.today
According to the Ripple stablecoin tracker website, $55.9 million in $RLUSD was burned in the last seven days amid quiet minting and burn activity in June.
June started with significant $RLUSD activity, with $127.4 million minted and $12 million burned on the first day of the month.
However, activity declined as June progressed, with less $RLUSD minted than burned. In the last seven days, $55.9 million in $RLUSD was burned according to the Ripple stablecoin tracker website, while $8.8 million was minted.
There was less activity compared to what was seen in May, despite numerous announcements regarding $RLUSD in June.
It is midway through the month; while June seems quiet on the minting and burning activity front, this cannot be said generally, as $RLUSD has received noteworthy announcements in the month.
June marks key announcements for $RLUSD
At June's start, $RLUSD went live across ecosystems via Wormhole's Native Token Transfers (NTT), allowing it to move natively across multiple blockchain ecosystems, supporting cross-border payments, institutional on/off-ramps, and tokenization use cases. This is expected to expand access to compliant, USD-backed liquidity across supported networks for developers and institutions building onchain.
In June as well, payment giant Mastercard announced it will support settlement using regulated stablecoins, including Ripple's $RLUSD.
According to Ripple, Mastercard's support for $RLUSD and the $XRP Ledger indicates increasing demand for digital assets and blockchain infrastructure that can power faster and more flexible settlement.
In a separate announcement, Ripple announced that its USD-backed stablecoin Ripple USD ($RLUSD) has become available to institutions in Türkiye through three new partnerships with BiLira, Bitexen and Bitlo.
Building on $RLUSD's momentum in Türkiye, Ripple announced Istanbul Technical University (ITU) as its latest partner in the global University Blockchain Research Initiative (UBRI). Funded via $RLUSD, this partnership will support advanced research initiatives and graduate fellowships while establishing an $XRP Ledger (XRPL) validator directly on the ITU campus.