{"id":2084,"date":"2026-06-30T23:09:41","date_gmt":"2026-06-30T23:09:41","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2084"},"modified":"2026-06-30T23:09:41","modified_gmt":"2026-06-30T23:09:41","slug":"ripples-rlusd-rapidly-shrinks-as-new-major-stablecoin-emerges","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2084","title":{"rendered":"Ripple&#8217;s RLUSD Rapidly Shrinks as New Major Stablecoin Emerges"},"content":{"rendered":"<div class=\"crypto-article\">\n<p>\ud83d\udcf0 <strong>Exclusive Crypto News &#038; Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n<p>\ud83d\udcc8 <strong>Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n<div wp_automatic_readability=\"84.966305303252\">\n<p>                                                <?xml encoding=\"UTF-8\"???><\/p>\n<div class=\"article__contents\">\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a class=\"article__contents-link link-pseudo\" href=\"#h277485\">Fresh competition <\/a><\/li>\n<li class=\"article__contents-item\"><a class=\"article__contents-link link-pseudo\" href=\"#h377485\">Circle shares remain under pressure <\/a><\/li>\n<\/ul>\n<\/div>\n<p dir=\"ltr\">According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/RL_Tracker\/status\/2071942339862339749\"><u>blockchain data<\/u><\/a>major RLUSD burns took place on the XRP Ledger (XRPL) on Tuesday. The market cap of the token has now shrunk to just $1.4 billion, CoinGecko data shows. <\/p>\n<p dir=\"ltr\">Roughly 146 million tokens have been destroyed within hours, the data shows. The burns were significant enough for Ethereum to overtake the XRPL as the primary network for RLUSD issuance.<\/p>\n<p dir=\"ltr\">At its peak, the stablecoin&#8217;s total market capitalization reached nearly $1.9 billion.  <\/p>\n<div class=\"article__hot\">\n<div class=\"article__hot-body\">\n        <a href=\"https:\/\/u.today\/ripples-rlusd-rapidly-shrinks-as-new-major-stablecoin-emerges?from=hot-stories\" class=\"article__hot-link\"><\/p>\n<p>    Ripple&#8217;s RLUSD Rapidly Shrinks as New Major Stablecoin Emerges<br \/>\n<\/a><\/p>\n<p><a href=\"https:\/\/u.today\/xrpl-crypto-credit-primitive-enters-key-voting-phase?from=hot-stories\" class=\"article__hot-link\"><\/p>\n<p>    XRPL Crypto Credit Primitive Enters Key Voting Phase<br \/>\n<\/a><\/p><\/div>\n<\/div>\n<h2>Fresh competition <\/h2>\n<p dir=\"ltr\">The decline has notably coincided with the arrival of Open USD (OUSD), which is a new major USD stablecoin. <\/p>\n<p dir=\"ltr\">As <a href=\"https:\/\/u.today\/ripple-to-use-new-stablecoin-backed-by-mastercard-blackrock-and-google?from=article-links\"><u>reported by U.Today<\/u><\/a>Ripple announced that it had joined a consortium of more than 140 financial, technology, and crypto companies that will adopt the new dollar-pegged cryptocurrency with a shared governance model.<\/p>\n<p dir=\"ltr\">The initiative includes major names such as BlackRock, Mastercard, Google, Visa, and Stripe. Open USD will be operated by the independent Open Standard organization, which sets it apart from other offerings. <\/p>\n<div class=\"article__related\">\n<p>You Might Also Like<\/p>\n<div class=\"news__item\">\n<div class=\"news__item-img--wrap\"><img loading=\"lazy\" decoding=\"async\" class=\"news__item-img\" src=\"https:\/\/u.today\/sites\/default\/files\/styles\/300\/public\/2026-06\/Depositphotos_198746172_L%20%281%29.jpg\" width=\"300\" height=\"199\" alt=\"Title news\"\/><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p dir=\"ltr\">USDC will aspire to solve longstanding issues surrounding scalability, governance, and incentives.  <\/p>\n<p dir=\"ltr\">The development has prompted discussion within the XRP community about how Open USD could affect Ripple&#8217;s own dollar-pegged stablecoin.<\/p>\n<p dir=\"ltr\">X user @nietzbux welcomed Ripple&#8217;s participation, arguing that a consortium-backed stablecoin could accelerate crypto adoption and actually benefit XRP.  <\/p>\n<div class=\"raw-html-embed\" wp_automatic_readability=\"10.396774193548\">\n<blockquote class=\"twitter-tweet\" wp_automatic_readability=\"14.177419354839\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;m happy Ripple didn&#8217;t buy Circle. <\/p>\n<p>Open USD is fantastic for crypto adoption. Because this is an actually neutral stable, everyone will use it, &#038; crypto rails will become ubiquitous for the public. <\/p>\n<p>The bigger the pie grows, the better for <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a>. <\/p>\n<p>Happy Ripple is a partner.<\/p>\n<p>\u2014 nietzbux (@nietzbux) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/nietzbux\/status\/2071983786120667413?ref_src=twsrc%5Etfw\">June 30, 2026<\/a><\/p><\/blockquote><\/div>\n<p dir=\"ltr\">Others questioned the implications for RLUSD. Anodos CEO Panos Mekras noted that Open USD would inevitably compete with Ripple&#8217;s existing stablecoin, which is also quite obvious.  <\/p>\n<div class=\"raw-html-embed\" wp_automatic_readability=\"5.7838983050847\">\n<blockquote class=\"twitter-tweet\" wp_automatic_readability=\"5.3389830508475\">\n<p lang=\"en\" dir=\"ltr\">Yes, but OUSD also competes with RLUSD so where does this leave RLUSD?<\/p>\n<p>\u2014 Panos \ud83d\udd3c\ud83c\uddec\ud83c\uddf7 (@panosmek) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/panosmek\/status\/2072023187718627448?ref_src=twsrc%5Etfw\">June 30, 2026<\/a><\/p><\/blockquote><\/div>\n<h2>Circle shares remain under pressure <\/h2>\n<p dir=\"ltr\">The announcement appears to have affected Circle, which had its blockbuster IPO earlier this year. <\/p>\n<p dir=\"ltr\">Shares of Circle fell more than 15% after the introduction of the major competitor.<\/p>\n<p dir=\"ltr\">However, analysts at William Blair described the selloff as an overreaction, arguing that USDC&#8217;s established liquidity and market position would be difficult for any newcomer to replicate.<\/p>\n<p dir=\"ltr\">&#8220;We welcome continued innovation and competition in the space and look forward to remaining laser-focused on building the best stablecoin infrastructure possible and driving more customer and partner success,&#8221; Circle CEO Jeremy Allaire stated in a recent social media post. <\/p>\n<div class=\"raw-html-embed\" wp_automatic_readability=\"7.2198275862069\">\n<blockquote class=\"twitter-tweet\" wp_automatic_readability=\"7.7011494252874\">\n<p lang=\"en\" dir=\"ltr\">Stablecoins represent one of the largest market opportunities in the world as the internet transforms the infrastructure for storing and moving money. We deeply believe in this, and it\u2019s why we both founded Circle and why we\u2019ve invested to build the largest regulated stablecoin\u2026<\/p>\n<p>\u2014 Jeremy Allaire &#8211; jerallaire.arc (@jerallaire) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/jerallaire\/status\/2071965910890385876?ref_src=twsrc%5Etfw\">June 30, 2026<\/a><\/p><\/blockquote><\/div>\n<\/p><\/div>\n<p>\ud83d\udca1 <strong>Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n<p>\ud83d\udd17 <strong>Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcf0 Exclusive Crypto News &#038; Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. Fresh competition Circle shares remain under pressure According to blockchain datamajor RLUSD burns took place on the XRP Ledger (XRPL) on Tuesday. The market cap of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2084"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2085"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}