Unit 3 · Where the money flows
How should I read RLUSD supply?
- 2 min read
- 3 sections
- 3 questions · +25 XP
Supply rises as dollars come in and falls as they are redeemed. Check which chain holds how much.
Mint and burn
When an institution deposits dollars Ripple mints RLUSD; on redemption it is destroyed. Rising supply means dollars came in. The live page flags mints and burns of 100,000 or more.
More of it sits on Ethereum
RLUSD is issued on both the XRP Ledger and Ethereum; Ethereum currently holds more. The market page shows supply by chain.
Watch for copycat tokens
Anyone can create a token with the same name on the XRP Ledger. Only the issuer address tells you if it is real. We only use issuer-published addresses.
Trust line count is not holder count; many lines have zero balance.
See it on the site
Related terms
- RLUSD
- Ripple’s US dollar stablecoin, designed to be redeemable 1:1 for dollars.
- Issuer address
- The wallet that created a token. Same name, different issuer means a different token.
- Trust line
- A wallet setting that says it will accept a given issuer’s token. Trust line counts are not holder counts.
- Multi-Purpose Token (MPT)
- A newer token type issued with preset rules. It can be held without a trust line.
- Real-world assets (RWA)
- Real-world assets such as treasuries, funds and commodities issued as tokens.