Ripple Mints $38.6M RLUSD, Burns $50.6M as Standard Chartered Custody Goes Live

Ripple Treasury executed two back-to-back RLUSD mints on Ethereum totaling $38.6 million, while three separate burns worth $50.6 million hit the XRP Ledger, resulting in a net $12 million reduction. The activity coincides with Standard Chartered's custody going live, signaling increased institutional adoption of Ripple's stablecoin.