It has just been announced that Ripple burned approximately 53 million RLUSD today. The burning happened in a series of transactions across two blockchain platforms — XRP Ledger and Ethereum. As many may know, Ripple's stablecoin will be launched on two blockchains — XRPL and Ethereum. So, the first batch of RLUSD worth 40.17 million was burned on the XRPL base, but the next one worth 14 million was burned in Ethereum. The long-awaited launch of Ripple's USD is expected to take place before the end of the year. This has been hinted at by top executives of the San Francisco-based company.
