How Ripple Turned 12 Million Tokens to Dust and Back Like a Magic Trick

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Now, gather ‘round folks, for here’s a tale as twisty as a Mississippi riverbend. On April 23rd, Ripple went and immolated 12 million RLUSD tokens—yes, burned ’em up like they were last year’s firewood. 🔥

But don’t you go thinking they done lost ’em for good. Nope, quicker than a cat can lick its ear, the same number popped right back into existence over at the RLUSD Treasury, freshly minted like new silver dollars.

This little shindig happened in early April too, when Ripple minted over 100 million tokens because, well, demand was hotter than a summer barbecue on the bayou. 🌞🍗

Now RLUSD’s market cap is neck and neck with the $300 million club, according to those coin folk at CoinGecko—whoever they are, they sure like to keep their eyes on the pot.

Word on the street (and by street, I mean U.Today’s newsroom) is that Ripple’s got its sights set on makin’ RLUSD one of the top five biggest stablecoins by the end of the year. Talk about ambition—it’s like aiming to be the fastest steamboat on the river!

If you want to get in on the action, you can find this stablecoin hanging out on places with names like Bitstamp, Kraken, and Bullish. Sounds like a wild party, doesn’t it? 🥳

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2025-04-23 12:09