Ripple's RLUSD Stablecoin Supply Drops 29% on XRP Ledger
Liquidity data in trading pools fails to match the sharp decline in total circulating tokens
The supply of the dollar-pegged RLUSD stablecoin issued by Ripple recorded a nearly 29% drop on the XRP Ledger in a single day. This movement caught the attention of investors due to the discrepancy between the total token volume and the liquidity available in trading pools.
Observations made between October 29 and 31 revealed that XRP and RLUSD reserves in a specific pool remained virtually stable. The XRP balance in the pool fell by less than 1% while the amount of RLUSD showed a slight increase during the analyzed period.
Total RLUSD token volume on the network reached 707 million according to market records. Even with the significant contraction in global supply, funded offers on the order book for XRP sellers showed an increase in liquidity compared to previous data.
Order book readings confirm that execution capacity for 10,000 unit RLUSD orders remains preserved. The divergence between total supply and actual liquidity in market pools leaves the exact cause for the sudden reduction in circulating tokens unanswered.
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