Ripple Cuts RLUSD Supply by $128M in Quarter-End Settlement
At the close of March and the end of Q1 2026, Ripple’s treasury executed a rapid sequence of transfers that took approximately 128 million RLUSD tokens—equivalent to about $128 million—out of circulation within a few hours. The company’s filings and on-chain records show the movement was concentrated around the quarter-end window and completed before markets opened the following day.
The reduction in circulating RLUSD supply could tighten short-term liquidity for the stablecoin and alter price dynamics for counterparties and trading venues. Market participants may read the move as routine balance-sheet management or as a signal ahead of reporting; its ultimate impact will depend on subsequent issuance or rebalancing by Ripple. The development is notable for holders of RLUSD and observers tracking Ripple’s treasury activity and its broader effect on XRP-linked liquidity.