Ripple Torches 4M RLUSD Tokens as Stablecoin Frenzy Heats Up
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Ripple just lit a bonfire with 4 million of its own RLUSD stablecoins—a move that reeks of either calculated scarcity or desperation to prop up demand. Stablecoin issuers love playing this game: create artificial scarcity when the market gets jittery.
Why burn tokens now? Two words: demand signals. With Tether and USDC gobbling up 90% of the market, smaller players like Ripple need headline-grabbing stunts to stay relevant. Nothing says ’trust our stablecoin’ like publicly destroying supply—because nothing builds confidence like controlled arson.
Meanwhile, TradFi bankers are probably sipping martinis and laughing at crypto’s latest performative economics. But hey—at least we’re not the ones paying 2% fees to move money between branches.
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